MoneyMaker Toy Company violated the safety standards set forth by the Consumer Product Safety Commission when it produced a toy gun that caused injury to hundreds of children. Because of MoneyMaker's actions
a. the CPSC can impose civil penalties on the company.
b. the CPSC can impose criminal penalties on the company.
c. users can sue for damages, including attorney's fees, if MoneyMaker knew it was violating a consumer product safety rule when it produced the guns.
d. All of the answers are correct.
d
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Indicate whether the statement is true or false.
When the cheerleading squad went to a weeklong cheer camp during their school’s spring break, most of the squad took their textbooks and note with them, knowing there would be a midterm exam when they returned to campus. Tariq was confident that he would have plenty of time to study when the squad returned from the trip and he did not take along his study materials. When the exam results were known, Tariq was very unhappy with his poor performance on the exam. When asked by others on the squad why her did so poorly, he immediately blamed the professor and all the ”trick” questions on that exam for his own poor grade. Tariq was applying which of the following to the situation?
A. standpoint theory B. schemata C. stereotypes D. the self-serving bias
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What will be an ideal response?
Why is depreciation expense added back to net income in the operating section of the indirect cash flow statement?
a. Depreciation expense represents cash outflows for a firm. b. Depreciation expense represents cash inflows for a firm. c. Depreciation expense represents a noncash expense that must be moved to the investing section of the cash flow statement. d. Depreciation expense represents a noncash expense that must be added to net income to cancel its affect within the net income calculation. e. Depreciation expense represents a cash expense that must be added to net income to cancel its affect within the net income calculation.