Which of the Following Would Be the Most Ethically Correct

question 24

Multiple Choice

Which of the following would be the most ethically correct gift for a salesperson of fire equipment to give a purchasing agent?

• A)a detailed brass model of the first fire engine ever made
• B)an expensive bottle of Scotch
• C)a pen with the company's logo, address, and phone number imprinted on the side
• D)hard-to-get tickets to see the World Series
• E)a cordless telephone in the shape of a fire engine

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Definitions:

Flexible Standards

Performance benchmarks that can adjust based on changes in actual conditions, allowing for more accurate budgeting and control.

Materials Price Variance

A measure of the difference between the actual cost of materials and the expected cost at standard prices.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together.