A business can justify keeping a product as long as it contributes to profits or enhances the effectiveness of a product mix.
Answer the following statement true (T) or false (F)
True
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Patty, the CEO of an oil drilling company, and her top management team recently discovered that their facilities are damaging an Asian beach and the local wildlife. They understand that they need to decide if temporarily closing or not closing the facility is unethical. To help them make their decision, they consider the following four questions: "Is not temporarily closing the facility legal? If yes, does this proposed action maximize shareholder value? If yes, is not temporarily closing the facility ethical? If no, would it be ethical to take the proposed action?" Patty and her top managers are using ____ to help them make their decision.
A. Bagley's ethical decision tree B. Maslow's hierarchy of needs C. the stakeholder's value statement D. Frank Gilbreth's code of ethical conduct E. the Sarbanes-Oxley Act of 2002
Which of the following steps are involved in closing the temporary accounts of a manufacturing business?
a. The balance of Factory Overhead is credited to Income Summary. b. The balances of operating expense accounts are credited to Income Summary. c. The balance of Cost of Goods Sold is credited to Income Summary. d. The balance of Retained Earnings is credited to Income Summary.
At the interest stage of consumer-adoption process, the consumer becomes aware of the innovation but lacks information about it
Indicate whether the statement is true or false
Due to the expanding importance of foreign-owned firms in local economies, host governments have made their policies toward these companies
A. more liberal. B. more confronting. C. more strict. D. harsher. E. inflexible.