In the context of monitoring ethics and social responsibility,which of the following statements is true of a social audit?
A. The threat of government legislation keeps some industries motivated to self-regulate.
B. It does notaccount for social-responsibility indicators, such as community involvement.
C. Firms that monitor themselves are entitled to tax exemptions for most of their services.
D. Determining how to measure the achievement of goals is the starting point for a social audit.
Answer: A
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You are a finance intern at Chambers and Sons and they have asked you to help estimate the company's cost of common equity. You obtained the following data: D1 = $1.25; P0 = $27.50; gL = 5.00% (constant); and F = 6.00%. What is the cost of equity raised by selling new common stock?
A. 9.06% B. 9.44% C. 9.84% D. 10.23% E. 10.64%
Offeror says, "I will sell you my dog for $100, you have a week to decide." Two days later she
tells the offeree, "I've changed my mind. I'm keeping the dog." This last statement is: A) A counteroffer. B) An effective rejection. C) Ineffective in terminating the offer. D) An effective revocation.
If you expect your reader to readily agree with your straightforward claim, use the direct organizational strategy
Indicate whether the statement is true or false
From a financial manager's perspective, the time value of money reflects the fact that:
A. a dollar received today is worth more than a dollar received in the future. B. a dollar received today is worth less than a dollar received in the future. C. cash flows are likely to be positive at the start of a long-term investment project. D. cash flows are likely to be negative at the end of a long-term investment project.