ABC, Inc is the manufacturer of a line of bumper stickers and T-shirts that display the phrase "Sex, Drugs, and Rock & Roll." Evaluate the ethical posture of the firm
The firm is doing nothing illegal. If it is answering to its shareholders, the sales are being made and it is following the Friedman creed. However, the socially responsible firm would pause to consider the effect such a phrase would have on society and the contribution it is making by seeing that the phrase is well distributed. The firm is making a profit, but at what cost?
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To recognize indirect and direct factory labor cost for the month, an entry is made
a. debiting Payroll Expense, debiting Work in Process, and crediting Factory Overhead. b. debiting Work in Process, debiting Factory Overhead, and crediting Payroll Expense. c. debiting Work in Process, debiting Factory Overhead, and crediting Wages Payable. d. debiting Factory Overhead, debiting Payroll Expense, and crediting Accounts Payable.
M.L. Manufacturers Inc is an American clothes manufacturing firm that sells women's fashion apparel under the brand name DressChic
After extensive market research, the firm introduces a line of children's clothes under the brand name Mischief and a line of affordable work wear for women under the brand name DressSmart. In this example, M.L. Manufacturers Inc uses which of the following strategies? A) a vertical brand-line extension strategy B) a horizontal brand-line extension strategy C) a new product-market brand extension strategy D) a cobranding strategy E) a product bundling strategy
An understatement of ending inventory in one period results in
A) an overstatement of the ending inventory of the next period. B) an understatement of gross margin of the next period. C) an overstatement of gross margin of the next period. D) no effect on gross margin of the next period.
______ refers to the perception of the relationship between performance and the outcome.
a. Expectancy b. Equity c. Instrumentality d. Valence