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AHMED works for a distribution channel firm that helps several electronics companies find customers or make sales to them. AHMED works for a reseller. Select one: True False

. A McDonald’s Happy Meal® consists of an entrée, a small order of French fries, a small drink, and a toy. In the early 1990s, McDonald’s Corp. began to aim its Happy Meal marketing at children aged one to three. In 1995, McDonald’s began making nutritional information for its food products available in documents known as “McDonald’s Nutrition Facts.” Each document lists the food items that the restaurant serves and provides a nutritional breakdown, but the Happy Meal is not included. Marc Cohen filed a suit in an Illinois state court against McDonald’s. Cohen alleged, among other things, that McDonald’s had violated a state law prohibiting consumer fraud and deceptive business practices by failing to follow the Nutrition Labeling and Education Act (NLEA) of 1990. The NLEA sets out different, less detailed requirements for products specifically intended for children under the age of four. Does it make sense to have different requirements for children of this age? Why or why not? Should…

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Rule 10b-5 of the Securities Exchange Act of 1934 does which of the following? Multiple Choice O O It requires that a firm's private offerings may not exceed $5 million. It regulates the issuance of securities. It prohibits fraud associated with the purchase or sale of all securities. It requires that any issuer of securities must file a prospectus with the SEC. Total points awarded Help Exi

es Congress has enacted a number of regulations that have established criteria for evaluating home loan applicants and mandating disclosures in the origination of home loans. Which of the following congressional acts requires important disclosures concerning the cost of consumer credit, including the computation of the annual percentage rate (APR)? Multiple Choice Equal Credit Opportunity Act (ECOA) Truth-in-Lending Act (TILA) Real Estate Settlement Procedures Act (RESPA) О Home Ownership and Equity Protection Act (HOEPA)

"Pork-barrel" legislation that contains funding for hundreds of separate special products scattered throughout numerous states often reflects:         the paradox of voting.        logrolling.        the benefits-received principle.        the Coase theorem.

1. Select the rule which determines the quantity of a rice which a consumer will demand.a) Continue to buy so long as there is no consumer surplus.b) Stop buying rice at the level of demand where the consumer surplus rises above the market price.c) Stop buying rice at the level of demand where the marginal utility falls to the price of rice.d) Continue to buy so long as demand for rice is price elastic. 2. In which of these situations might moral hazard arise?a) Insurance companies fail to calculate the risks of accident correctly.b) A company receives an exemption from pollution control legislation.c) A sports team accepts bribes which affect their performance in a game.d) A group of households makes a collective purchase of flood insurance

Registered external auditors must have the knowledge and skills to perform their function and should be honest. There are also a number of other attributes or fundamental principles of ethical behavior, which all auditors should have and these are identified in professional external auditing standards issued by IRBA as follows:· integrity· objectivity· professional competence and due care· confidentiality· professional behaviorThe following actions taken by registered external auditors are example of non-compliance with one or more principles listed above;   Question 5 Scott Temple, the registered auditor in charge of the audit of Crookes Brothers Ltd, failed to identify themisapplication by the client of an important accounting policy. The misapplication resulted in a materialoverstatement of the company’s profit.

Registered external auditors must have the knowledge and skills to perform their function and should be honest. There are also a number of other attributes or fundamental principles of ethical behavior, which all auditors should have and these are identified in professional external auditing standards issued by IRBA as follows:· integrity· objectivity· professional competence and due care· confidentiality· professional behaviorThe following actions taken by registered external auditors are example of non-compliance with one or more principles listed above;   Question 2 Because the budget for the audit of Afrimat Ltd would be exceeded and because he felt that, he had acompetent audit team, A Smith the registered auditor in charge of the audit decided not to spend thenecessary time on reviewing the work papers of the audit team.

Registered external auditors must have the knowledge and skills to perform their function and should be honest. There are also a number of other attributes or fundamental principles of ethical behavior, which all auditors should have and these are identified in professional external auditing standards issued by IRBA as follows:· integrity· objectivity· professional competence and due care· confidentiality· professional behaviorThe following actions taken by registered external auditors are example of non-compliance with one or more principles listed above;   Question 7 7.1 Briefly explain each of the principles of ethical behavior listed above.7.2 Identify, with a brief explanation which of the fundamental principles have not been complied with in eachof the situations above.(Each situation may amount to non-compliance with more than one principle)7.3 Discuss the similarities and differences, if any, between the code of ethics for external auditors (IRBA) andthe code of ethics for…

Registered external auditors must have the knowledge and skills to perform their function and should be honest. There are also a number of other attributes or fundamental principles of ethical behavior, which all auditors should have and these are identified in professional external auditing standards issued by IRBA as follows:· integrity· objectivity· professional competence and due care· confidentiality· professional behaviorThe following actions taken by registered external auditors are example of non-compliance with one or more principles listed above;   Question 4 Peter Kent the registered auditor in charge of the audit of Advetech Ltd, charged the client a fee for auditprocedures that he knew had not actually been carried out.

On With Living (OWL) is a nonprofit organization dedicated to improving the physical and mental health of individuals age sixty-five and older. It is a local chapter of a national organization, the OWL Association, which had been in existence for nearly thirty years. Both the local chapter and the national organizational offer programs and services to help seniors stay healthy and fund research to find ways to prevent, treat, and cure diseases that affect people over sixty-five, such as Alzheimer’s disease, diabetes, and heart disease. Each local chapter is obligated to adhere to the positions of the national organization, and any modification or rejection of the national position is prohibited according to the statement of relationship signed by both parties. Any violation of this relationship agreement would result in disaffiliation from the national organization, which local chapters attempt to avoid at all costs. One position statement of the national organization took a firm…

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Andrea is a Partner at KPMG. Her dependent children are interested in technology and sustainability. They wish to invest in companies that have environmentally responsible practices using a mobile phone app. What does she need to do? Advise her children that they should only invest amounts that are not material to their total savings. Advise her children that they can only invest in technology and sustainability companies that are listed and in the "Top 100". Advise her children that before selecting any shares through the app, they must check with Andrea, who will check if the investment is restricted and record it in KICS. If KPMG audits the company who developed the mobile phone app, Andrea needs to consult with the EIP.

Answer the questions based on the case.   Alia is a salesperson in an electronics company. At a recent trade exhibition, she met a supplier that was willing to supply her company with a product on an exclusive basis (i.e., available to her company only) that could offer in the business marketplace. The product in question has already been successfully developed and tested and – yet – is not being sold on the market. Alia knows from speaking to the customers that there is demand for such a product and it would plug a gap in her company’s product portfolio and give the company a significant competitive advantage. Then, Alia approach the product management division with all her idea, and, to her surprise, they are very unenthusiastic and reject the idea, stating “We always develop our products in-house in this department – it would cost the company far too much to set up the processes to buy in a product from outside”.   Question2. Advise Alia on how to recognize the opportunities in…

Answer the questions based on the case.   Alia is a salesperson in an electronics company. At a recent trade exhibition, she met a supplier that was willing to supply her company with a product on an exclusive basis (i.e., available to her company only) that could offer in the business marketplace. The product in question has already been successfully developed and tested and – yet – is not being sold on the market. Alia knows from speaking to the customers that there is demand for such a product and it would plug a gap in her company’s product portfolio and give the company a significant competitive advantage. Then, Alia approach the product management division with all her idea, and, to her surprise, they are very unenthusiastic and reject the idea, stating “We always develop our products in-house in this department – it would cost the company far too much to set up the processes to buy in a product from outside”.   Questions. What Alia can do to argue or persuade the product…

Cedar Hospital Systems Fraud Hospital administrator Jake Rosen was recently convicted for fraud he committed against his employer, Cedar Hospital Systems. Over a period of six years, he allegedly made payments to a dummy company for maintenance charges while simultaneously running a scheme with maintenance contractors where he either paid them for work never performed or overpaid them for work. The skyscraper where Jake worked was only 10 years old. Maintenance charges rose from $5.2 million in 1994 to $16.4 million in 2000. It was worth noting that the judge on the case questioned whether Cedar Hospital Systems deserved less than full restitution for failing to notice the problem. However, it was determined that federal law on restitution does not allow such charges, so Jake Rosen will be making monthly payments towards the alleged $8 million he stole until he makes full restitution after leaving prison. He was able to quickly repay $3.2 million of the theft with assets recovered by…

Assume that you are a consultant advising the Chair of a Remuneration Committee - who oversees CEO and Executive remuneration of a listed company in Australia. As requested by the company’s shareholders and Board of Directors, you have been tasked to review the CEO compensation structure to fit changes in the current business environment.1. In response to the Covid-19 pandemic and uncertainties in business climate, what short-term and long-term considerations should the company observe in adjusting the CEO’s pay? Provide a rationale for theseconsiderations and support your discussions with relevant examples.

The CEO of a fictional pharmaceutical marketing company in India has positioned the company as the ethical alternative to its competitors, going as far as to change the company's tagline from "Health for everyone" to "Health with integrity."   The company has a public ethical policy and has been transparent with its operations. So, when he learns that the firm's star salesperson who earned millions of dollars for the company, falsified the numbers on a recent report, the CEO must decide whether to fire him. Sales have been very difficult with the Covid-19 pandemic and people afraid to venture out in public and spend money. The salesman had created a sales matrix that had allowed sales to remain at peak levels during the difficult times however, sales was starting to increase as Covid-19 restrictions were being gradually increased. In fact, the company had gone public and applauded the salesman for his effort and was announcing him as Vice President for Sales and Marketing.   c. What…

The CEO of a fictional pharmaceutical marketing company in India has positioned the company as the ethical alternative to its competitors, going as far as to change the company's tagline from "Health for everyone" to "Health with integrity."   The company has a public ethical policy and has been transparent with its operations. So, when he learns that the firm's star salesperson who earned millions of dollars for the company, falsified the numbers on a recent report, the CEO must decide whether to fire him. Sales have been very difficult with the Covid-19 pandemic and people afraid to venture out in public and spend money. The salesman had created a sales matrix that had allowed sales to remain at peak levels during the difficult times however, sales was starting to increase as Covid-19 restrictions were being gradually increased. In fact, the company had gone public and applauded the salesman for his effort and was announcing him as Vice President for Sales and Marketing.   b. If the…

During the recent COVid-19 pandemic, some employers mandated that all employees must be vaccinated to retain their jobs except the refusal is based on rr pre-existing medical condition. Give a comprehensive analysis of pre-existing medical condition and state whether or not you think that the mandate was fair.

Your Group has formed a tax advisory firm. One of your clients in considering investing in Barbados. The company has requested general tax advice in respect of the VAT regime in Barbados. Your Group is required to provide this advice. Additionally, the company has requested the high-level of all other applicable taxes in Barbados including all the matters that the investor needs to be aware of. Making the necessary assumption as appropriate.

What are the main points of this case?