Select the statement that does not challenge the narrow view of the economic model of corporate social responsibility.
A. Business's only responsibility is to maximize profit within the law, and in so doing, fulfills its role within a market system, which, in turn, serves the greater overall social good.
B. The "costs" of pollution are typically borne by parties external to the economic exchange, so free market exchanges cannot guarantee optimal results.
C. Public goods such as a stable climate, clean air, and ocean fisheries have no established market price.
D. Important ethical and policy questions can be missed if policy decisions are left solely to the outcome of individual decisions.
Answer: A
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The book value per share for a corporation is
a. the market price of the stock. b. the cost of investments in stock of other corporations. c. based on the excess of total assets over total liabilities. d. the amount stockholders would receive if they sold their shares back to the corporation.
Liabilities are established with debits and eliminated with credits
Indicate whether the statement is true or false
On November 1, 2018, A-1 Products borrowed $64,000 on a 5%, 5-year note with annual installment payments of $12,800 plus interest due on November 1 of each succeeding year. On November 1, 2020, what is the balance of the Long-Term Notes Payable account? (Round your answer to nearest whole number.)
A) $38,400 B) $64,000 C) $51,200 D) $12,800
Hill Top Products has run a regression analysis for utilities costs and the total production for the past six months. The regression analysis shows an R square (R2 ) of .86. Which of the following statements best describes the meaning of R2?
A) 86 percent of the company's total costs are utilities costs. B) 14 percent of the variation in utilities costs is explained by the increase or decrease in production. C) 86 percent of the variation in utilities costs is explained by the increase or decrease in production. D) 86 percent of the company's total costs are fixed costs and the remaining 14 percent are variable costs.