Codes of ethical conduct have several limitations. Which of the following is NOT one of these limitations?

A) The value of an ethics code relies on the organisation's underlying human resource foundation.
B) Ethical codes cannot replace leadership that is committed to being positive role models for the rest of the organisation's members.
C) Codes of ethical conduct cannot cover all situations.
D) Ethical codes are not replacements for hiring people of integrity.
E) Ethical codes provide automatic insurance for universal ethical conduct.

Under straight piecework, employees receive a certain rate for each unit produced.

If a company incurs direct labor cost of $82000 when the standard cost is $84000 it will

A) debit Labor Price Variance for $2000.
B) credit Labor Price Variance for $2000.
C) debit Labor Quantity Variance for $2000.
D) credit Labor Quantity Variance for $2000.

Under the LCM approach the market value is defined as

A) FIFO cost.
B) LIFO cost.
C) current replacement cost.
D) selling price.

The incentive function of prices:

A) indicates that price increases bring forth more of that resource.
B) is the idea that competitive markets will always clear.
C) applies to all resources.
D) only applies to land.

A "backflow" refers to

A) unauthorized aliens who enter an industrialized nation looking for work.
B) legal aliens who enter an industrialized nation looking for work.
C) migrants who enter a series of industrialized nations looking for work.
D) migrants who return to their home countries after seeking work in another country.