General Mills is a company that uses process costing extensively. Go to the companion Web site at www.cengage.com/accounting/vanderbeck and click on the file for General Mills.
Required:
Answer the following questions while navigating General Mills’s ‘‘A Champion’s Code of Conduct’’:
1. What guidance are supervisors given on how to handle a request from an outsider, claiming to be working as a General Mills consultant, for information on employees’ start dates, titles, and base salaries?
2. What guidance is given to an employee who was planning to make a General Mills stock trade prior to becoming aware of material nonpublic information?
3. What advice is given to an employee working in Europe who received an expensive gift from a supplier in recognition of a new contract?
4. What advice is given to an employee who was told that she had to pay a gratuity to a minor official to clear General Mills’s products through customs?