The research and development (R & D) function of a business:
(i) Is primarily concerned with market research
(ii) Can improve existing products as well as developing completely new products
(iii) Has been less important for firms manufacturing computers to meet an industry standard than for those firms developing
the next generation of computers
(iv) is always undertaken under contract by specialist external consultancies Which of the above statements are correct?
Rationale: R & D tends to be concerned with product research (not market research), and many organisations have internal R & D functions.Pitfalls： Be aware of the difference between product and market research.Ways in： If you were able to rule
out statement (i), you were only left with two options to choose from - and you should be able to rule out statement (iv) if you know any organisations with an internal R & D department, leaving you with the correctoption
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Which of the following would raise ethical issues for a manufacturer of fast-moving consumer goods?
(i) The materials used in manufacture of the goods
(ii) The quality of the goods
(iii) How the goods are advertised
(iv) How much its raw materials suppliers pay their staff
(v) How the goods are packaged
Reliability, responsibility, , courtesy and respect are the personal qualities
expected of an accountant.
Which of the following words correctly complete this statement?
You have been asked to work on a major investment decision that your company will be making, and discover that your
brother-in-law is the managing director of a firm that may benefit from the outcome of the decision. You have no intention of
allowing this to influence the advice you give your firm, and you know that your brother-in-law will not try to influence you in
any way
What professional quality would make you consider handing this task to a colleague, or otherwise raising questions with your
superiors?
Which of the following would not represent an ethical objective in relation to employment practices?
Of the three main sources of rules that regulate the behaviour of businesses, the minimum level of acceptable behaviour is set by which?
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