39. Which of the following is the last step in the ethical decision-making process?      

A division (S) of a firm manufactures a component that it sells to external customers at a price of $[a] per unit and is also used by another division (B) to assemble a final product. Division S operates with a fixed cost of $[b],000 and a variable cost of $[c] per unit. The division can produce up to 10,000 units/month, but is currently producing at full capacity. Division B wants to increase the number of components it gets from S. Calculate the lowest price that the firm should set for the internal transfer of the additional components.

23. Which of the following was called “a sweeping overhaul of the financial regulatory system…on a scale not seen since the reforms that followed the Great Depression”?    

At the end of fiscal year 2011, a company reported direct labor cost of $150,000 which exceeded the budget of $130,000. The budget allowed for an average hourly rate of $20 while the actual average rate was $25. The price variance is [pvar] [pvarsign]. The quantity variance is [qvar] [qvarsign].

26. Which of the following is an independent agency within the Federal Reserve System that “regulate[s] the offering and provision of consumer financial products or services under the Federal consumer financial laws”?      

31. Optimization is defined as which of the following?    

27. Which of the following was created by the Sarbanes–Oxley Act to oversee the accounting firms that audit public corporations and to establish rules and standards for auditing?      

37. Which of the following can be defined as a set of values, norms, and artifacts, including ways of solving problems shared by members of an organization?    

13. The extent to which a firm meets the economic, legal, ethical, and philanthropic responsibilities placed on it by various stakeholders is referred to as its _______.    

33. Which of the following are used to obtain or retain business and are not generally considered illegal in the United States?