Managerial Economics: A Problem Solving Approach
5th Edition
ISBN: 9781337106665
Author: Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher: Cengage Learning
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Question
Chapter 22, Problem 9MC
To determine
Manager’s action.
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Students have asked these similar questions
Which of the following statements is correct?
A. The manager's objectives are to increase profits every year and to show positive profits by the end of the year.
B. The manager must always make sure that employees maxmize their benefits.
C. The manager must always assure to minimize costs.
D. The most important objective of the manager is to maximize profits at the level where MB - MC = 0.
Consider situations in which there is no accounting violation but there has been (or will be) an injustice suffered that is not recorded in the financial records but action (or inaction) by corporate management may result in a public health and safety or environmental protection violation.
Discuss an accountant's options when management does not act to remediate, mitigate, or prevent 'noncompliance with laws and regulations' (NOCLAR). Consider each of the following:
1) the steps an accountant might take in determining if it would be appropriate and in the public interest to disclose the matter to an appropriate authority for investigation;
2) whether the accountant would be exposed to criminal, civil, or professional liability as a whistleblower;
3) whether laws exist that would protect the accountant from retaliation, such as termination of employment or other adverse employment actions; and
4) whether a company has an obligation to provide actionable steps that should be taken…
Contingency planning involves
a. identifying aspects of a business that require changes in organization in three to five years' time.
b. developing plans for future growth.
c. developing plans for a business should there be a sudden decrease in revenue or increase in expenses. Incorrect
d. an organization's methods for dealing with emergencies.
e. identifying aspects of a business or its environment that might entail changes in strategy.
Chapter 22 Solutions
Managerial Economics: A Problem Solving Approach
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