Which of the Following Statements Describes a Whistleblower

question 49

Multiple Choice

Which of the following statements describes a whistleblower?

• A)An employee is unhappy because his company is downsizing.
• B)An employee tells the Consumer Product Safety Commission his company falsified safety reports on a child's car seat.
• C)A salesperson for a hardware wholesaler tries to sell insurance to his regular customers in order to earn some extra income.
• D)An employee loses her retirement fund due to a downturn in the stock market.
• E)An employee spends the afternoon studying at work for her test rather than counting inventory as she was supposed to be doing.

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Definitions:

Invoice Cost

The price of goods or services listed on an invoice, typically inclusive of fees and charges before any discounts.

Incidental Costs

Incidental costs refer to minor or secondary expenses that are not planned for but occur in the course of conducting business.

LIFO

Last In, First Out, an inventory valuation method where the most recently produced items are recorded as sold first.

Current Costs

The cost associated with purchasing goods or services in the present time, often used in accounting to refer to the cost of inventory or services consumed.