Describe three ways in which a firm could move toward greater sustainability
What will be an ideal response?
There are many ways a firm could move toward sustainability, including increasing the efficiency of operations so less energy is consumed, decreasing the use of raw materials, increasing the use of recycled materials, and preventing the discharge of wastes into the environment.
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If a contract contains only one performance obligation, no allocation of the transaction price is ever needed to recognize revenue
Indicate whether the statement is true or false
A schedule of cash receipts is often prepared in conjunction with the sales budget.
Answer the following statement true (T) or false (F)
Which of the following factors would increase the likelihood that a company would call its outstanding bonds at this time?
A. A provision in the bond indenture lowers the call price on specific dates, and yesterday was one of those dates. B. The flotation costs associated with issuing new bonds rise. C. The firm's CFO believes that interest rates are likely to decline in the future. D. The firm's CFO believes that corporate tax rates are likely to be increased in the future. E. The yield to maturity on the company's outstanding bonds increases due to a weakening of the firm's financial situation.
Which of the following is a drawback of using profit sharing?
A. It increases the probability of individual competition. B. It runs the risk of contributing to employee dissatisfaction. C. It fails to make labor costs more variable. D. It promotes competition between work groups. E. It promotes individual goals rather than organizational goals.