The moral case for why a company should actively promote the betterment of society and act in a manner benefiting all its stakeholders
A. is based on the principle of treating people fairly and with respect.
B. boils down to "it's the right thing to do."
C. is based on the conviction that improving the well-being of society ranks higher in priority and is certainly nobler than making a profit and serving the interests of shareholders.
D. rests on the principle that a business is duty bound to fulfill its social contract to serve the interests of all stakeholders in a business enterprise.
E. is based on the principle that business activities lack real legitimacy and have few socially redeeming qualities unless and until a company exerts a significant and sincere effort to give something back to the community.
Answer: B
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1. When a corporation issues stock at par value, the Cash account is debited and the Common Stock account is credited for an amount equal to the number of shares issued times the par value per share. 2. When a company issues stock at an amount greater than the par value, a gain is recorded for the difference between the issue price and the par value. 3. When a corporation sells 9,000 shares of $12 par value common stock for $159,000, Common Stock is credited for $108,000. 4. Stock issued at amounts in excess of par value results in a gain that is reported on the income statement. 5. Most corporations set par value low and issue common stock at a premium.
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A. The balanced scorecard method B. Negotiation C. The cost-based method D. The market-price method
A security experiencing little or no loss in value over time is said to have a ________
A) safety of return B) safety of principal C) safety of maturity D) risk of payments