Which of the following is not necessarily a benefit of using ethics as a business strategy?

A) Firm's profits increase
B) Affords opportunity for planning
C) Creates goodwill in the community
D) All of the above are benefits.


A

Business

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Using a periodic inventory system, Bertram Company records inventory at lower of cost or market using the direct method. The end-of-the-year journal entries to adjust inventories would include

A) ?a debit to Inventory to close beginning inventory at cost value. B) ?a debit to Inventory to close ending inventory at market value. C) ?a debit to Loss Due to Market Valuation for the excess of cost over market value. D) ?a credit to Allowance to Reduce Inventory for the excess of market over cost value.

Business

A system is a collection of parts that link to achieve a common purpose. Systems thinking is a way of monitoring ________.

A. The entire system B. A division within the sales role C. The company's competitors D. The executive team

Business

Malaysia, Indonesia, Singapore, Thailand, and Cambodia are all members of ________

A) the Andean Group B) ASEAN C) MERCOSUR D) NAFTA E) APEC

Business

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

For capital leases, the interest portion is classified as an operating activity, whereas the reduction of principal portion is a financing activity.

Business