Accounting 2402 Quiz 1

Accounting 2402 Quiz 1 - 1. Corporate social responsibility...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Corporate social responsibility refers to the moral obligation of all corporations to make substantial monetary contributions to charitable causes. A) True B) False Correct Answer(s): False 2. The Statement of Ethical Professional Practice promulgated by the Institute of Management Accountants specifically states, among other things, that management accountants have a responsibility to inform responsible journalists of any wrongdoing they uncover in the organization. A) True B) False Correct Answer(s): False 3. Which of the following persons would occupy a line position in a department store? I. Sales manager II. Manager, furniture department III. Manager, advertising department IV. Manager, personnel department A) Only I B) Only I and II C) Only I, II, III D) I, II, III, IV Correct Answer(s): B 4. The controller occupies: A) a line position. B) a staff position. C) neither a line nor a staff position, since the accounting department must be independent. D) both a line and a staff position.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

Accounting 2402 Quiz 1 - 1. Corporate social responsibility...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online