What term describes a company's focus on earning profits, doing social good, and fostering environmental consciousness?
A) blended value
B) ethical dilemmas
C) triple bottom line
D) social entrepreneurship
E) social responsibility pyramid
Answer: C
Explanation: C) This provides three criteria to measure a company's overall performance.
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A haberdashery conducts an exhaustive analysis and calculates their profit function as 4x2 + 3x - 57. What is their fixed cost?
A) 4 B) 4x2 C) 57 D) 3x
Mandato Corporation has provided the following data for its two most recent years of operation: Selling price per unit$50 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$10Direct labor$6Variable manufacturing overhead$5Fixed manufacturing overhead per year$72,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$70,000 Year 1Year 2Units in beginning inventory03,000Units produced during the year9,0008,000Units sold during the year6,0009,000Units in ending inventory3,0002,000The net operating income (loss) under absorption costing in Year 1 is closest to:
A. $126,000 B. $2,000 C. $26,000 D. $96,000
Why does the government take an active role in the regulation of the U.S. financial system?
A) Commercial banks are essential in paying for international trade. B) To generate fees in addition to those paid to the FDIC. C) To help commercial banks dispose of assets. D) Commercial banks are essential to the creation of money and to the protection of American citizens. E) To allow commercial banks to settle debt.