Gander, an apparel company, is known to be a profit-hungry company. It lands in a controversy when it comes to light that the company pays almost nonliving wages to the workers in its manufacturing subsidiaries based in developing countries. In the context of business behavior, Gander's business conduct is:
A. legal and ethical.
B. illegal and unethical.
C. legal but unethical.
D. illegal but ethical.
Answer: C
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Crouch Apartments purchased an apartment building to rent to university students on December 15, 2012 . The tenants moved in on January 1, 2013 . On Super Bowl Sunday, a student punched a hole in the wall when his favorite team fumbled the ball. It cost the landlord $400 to repair the hole. How should this cost be recorded?
a. It should be recorded as part of the asset account. b. It should be recorded as repair and maintenance expense. c. It should not be recorded as the tenants will be charged for the damage. d. It should not be recorded since this is an immaterial amount to the landlord.
The Accounting Principles Board issued Opinions between:
a. 1959-1973. b. 1939-1959. c. 1973-present. d. 1966-1976. e. None of the answers are correct.
Aspirational or membership reference groups have an important influence on the purchase of goods viewed as conspicuous
Indicate whether the statement is true or false
What are the problems and advantages of managing by the numbers?
What will be an ideal response?