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NEW QUESTION: 1
The chief commodity trader for a large energy company learns from a friend that a competitor will likely fail its upcoming regulatory audit and will be forced to temporarily decrease production. If the information is true, the trader has short-term opportunities to make trades that will financially benefit the trader's company and will lead to a substantial increase in the trader's performance bonus. However, if the information is not true, making the trades will significantly increase the company's risk of being caught in a long position. From an ethical perspective, which of the following would be the most appropriate course of action for the trader to take?
A. Make the trade because the company and the trader will both benefit.
B. Have another trader on staff make the trade in order to avoid a conflict of interest.
C. Disclose the information to the risk oversight committee but proceed with the trade to capitalize on the opportunity.
D. Defer the decision to management and risk the loss of the trading opportunity.
Answer: D

NEW QUESTION: 2
Which of the following is correct?
(i) A decision of the Supreme Court is binding on all lower courts which are called upon to decide a case based on similar material facts.
(ii) If there is a conflict between European Law and English law, European Law prevails.
(iii) Parliament may delegate authority to the government to make law.
A. (i) and (ii) only
B. (i), (ii) and (iii).
C. (ii) and (iii) only
D. (i) only
Answer: B

NEW QUESTION: 3
You are posting a purchase receipt for a subcontracted service as part of a Lean production flow in Microsoft Dynamics AX 2012. To which ledger accounts does the transaction post?
A. Liability and Work In Process (WIP)
B. Raw Material Inventory and Work In Process (WIP)
C. Raw Material Inventory and Variance
D. Liability and Raw Material Inventory
Answer: A
Explanation:
Reference: http://dynamicscare.com/blog/index.php/activity-based-subcontracting/