________ said, "The social responsibility of business is to increase profits."

A. Benjamin Franklin
B. Thomas Jefferson
C. Milton Friedman
D. Robert Giacalone
E. Adam Smith


Answer: C

Business

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Co-branding involves combining two or more well-known existing brands are combined into a joint product and/or marketing them together in some fashion

Indicate whether the statement is true or false

Business

This question contains two parts; be sure to answer both. First, list the four devices for stimulating constructive conflict. Next, suppose that you own a small hardware store in the downtown area. You have watched your business get drained away by huge retailers like The Home Depot and Lowe's. You decide you want to "explode" your business model and make some drastic changes. Explain how you would use two of these devices within your organization to brainstorm a way to remain in business and return to profitability.

What will be an ideal response?

Business

Answer the following statements true (T) or false (F)

1. “The Gospel of Wealth” was written by John D. Rockefeller. 2. Giving intended to meet current individual human needs is referred to as charity. 3. A nonprofit classified as 501(c)(3) cannot support candidates for public office. 4. The first person to establish a distinction between charity and philanthropy was Warren Buffet. 5. Increased government spending on social programs in the 1960s began with President Lyndon B. Johnson.

Business

The following unit data were assembled for the heating process of Morgan Processing Inc for the month of August. Direct materials are added at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO process costing method. Units Beginning work in process inventory (30 percent complete) 5,000 Units started in August 44,000 Ending

work in process (60 percent complete) 4,500 The number of equivalent units produced by Morgan Processing with respect to conversion costs is A) 43,700. B) 45,700. C) 48,200. D) 50,200.

Business