According to the profit-seeking school of social responsibility, a firm must have clear ethical standards and a sense of social responsibility for its unintended acts in order to maximize profits and to survive in both the short and long runs
Indicate whether the statement is true or false
FALSE
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Most people initially believe that ________ is always bad or dysfunctional.
Fill in the blank(s) with the appropriate word(s).
Under a job order costing system, the dollar amount of the entry involved in the transfer of goods from work in process to finished goods is the total of the costs charged to all jobs
a. started during the period. b. completed and sold during the period. c. completed during the period. d. started and completed during the period.
Leadership is ______ that emerges through social interactions with others.
A. self-esteem B. an identity C. a self-fulfilling prophecy D. a high expectation
Anna operates a consignment shop where she sells clothes for women and children. The average number of consignments sold per month is 1,000. The average material cost and the selling price of each consignment are $8 and $20, respectively. The monthly fixed costs to run this business are given below: Rental cost: $750Utilities: $150Advertising: $35Insurance: $100Labor cost: $4,000 a. Build an influence diagram that illustrates how to calculate profit.b. Using mathematical notation, give a mathematical model for calculating profit.c. Implement your model from part (b) in Excel using the principles of good spreadsheet design.
What will be an ideal response?