Corporate social responsibility (CSR) has been defined by the European Commission (2005) as existing when:
a. Companies integrate social and environmental concerns in their business operations and in their interactions with their stakeholders on a voluntary basis
b. Companies do the right thing
c. Companies maintain their immediate environment in pristine shape
d. All of the above
a. Companies integrate social and environmental concerns in their business operations and in their interactions with their stakeholders on a voluntary basis
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The most common form of direct government participation in trade is
A. shipping on national vessels. B. import duties. C. the subsidy. D. a combination of subsidy, shipping, and import duties.
A company shows a $800 balance in Prepaid Rent in the Unadjusted Trial Balance columns of the work sheet. The Adjustments columns show expired rent of $300. This adjusting entry results in:
A. $300 of prepaid insurance. B. $300 difference between the debit and credit columns of the Unadjusted Trial Balance. C. $300 increase in net income. D. An error in the financial statements. E. $300 decrease in net income.
Gizmo Manufacturer, a widgets manufacturing company, divides its production operations into three processes—Department 1, Department 2, and Department 3
The company uses a process costing system. Gizmo incurred the following costs during the year to produce 4,200 units: Department 1 $18,000 Department 2 9,000 Department 3 8,000 If Gizmo could sell only 3,600 units in during the year, what will be the cost per unit of widget produced? (Round your answer to the nearest cent.) A) $6.43 B) $4.29 C) $9.72 D) $8.33
A company that uses a more expensive short lead time supplier as a backup for a low cost, long lead time supplier is using
A) tailored sourcing. B) quick response. C) postponement. D) improved forecasting.