Which of the following is an argument used to support corporate social responsibility (CSR)?
A. The free market, not companies, should decide what is best for the world.
B. CSR can be a profitable undertaking.
C. Businesses are not responsible for social or environmental problems.
D. Businesses don't have the expertise to make social decisions.
E. All of the above are arguments used in support of CSR.
Answer: B
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Dietrich Mateschitz, Red Bull's creator, stated "When we first started, we said that there is not an existing market for Red Bull." The reasons behind Red Bull's success include all of the following except:
A) a market was created for Red Bull. B) a market segment was found with unmet needs. C) the blue-and-silver color on cans helped in Red Bull's popularity. D) orthodox advertising strategies were used with tactics. E) The Red Bulletin magazine helped in Red Bull's popularity.
Tums claims to have the most acid-reducing components of any antacid. In what way is the brand's category membership being conveyed?
A) comparing to exemplars B) relying on the product descriptor C) announcing category benefits D) focusing on reliability E) persuasion based on believability
Metric units are widely used by ______________________
a. scientists and engineers b. doctors and dentists c. lawyers and judges d. teachers and students
Which of the following best represents a characteristic of managerial accounting?
A. Information is based on estimates and is bounded by relevance and timeliness. B. Information is historically based and reported annually. C. Information is regulated by the Securities and Exchange Commission. D. Information is characterized by reliability and objectivity.