Limits, interdependence, and equity are characteristics of sustainable business practices.
Answer the following statement true (T) or false (F)
True
Sustainability in business involves recognizing that there are limits to environmental resources; that the economic, social, and ecological systems are interdependent; and that for the interdependence to work, there has to be greater equity in distribution than there is now in many areas.
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Which of the following helps limit risk from violation of tax regulations?
A. The owner should take cash from the businesses before it is recorded as revenue. B. The owner should understate revenues and overstate deductible expenses. C. The owner should hire an accountant and a lawyer who are expert in tax issues. D. The owner should make payments to creditors by borrowing from tax money.
A decentralized organization is one in which:
A) each employee in the organization is given permission to make decisions about their company. B) only top-level management is given decision-making authority. C) managers at various levels throughout the organization are given decision-making authority. D) each stockholder is given decision-making authority.
Because of the harshness of the common law rule regarding impossibility of performance, the Uniform Commercial Code (UCC) in certain cases allows a contract to be discharged under the doctrine of ____________________
Fill in the blank(s) with correct word
A contract comes to an end when both parties fulfill their respective duties by performing the acts they have promised.
Answer the following statement true (T) or false (F)