Ethics refer to:
A. the obligation of a business to contribute to society.
B. legal codes written in the constitution.
C. social movements that focus on key consumer rights.
D. sets of beliefs about right and wrong.
Answer: D
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Effective sourcing processes within a firm can improve profits for the firm and total supply chain surplus in a variety of ways
Indicate whether the statement is true or false.
?An expected level of performance against which actual performance can be compared is a
A. ?standard performance. B. ?standard of excellence. C. ?step in sales analysis. D. ?performance standard. E. ?corrective standard.
The Tulip Company uses the percent of receivables method of accounting for uncollectible accounts receivable, and a perpetual inventory system. As of January 1, its net accounts receivable totaled $485,000 (Accounts Receivable $500,000 less a $15,000 Allowance for Doubtful Accounts). During the current year, the following transactions occurred. 1)Merchandise costing $2,400,000 was sold on account for $4,000,000. 2)The company collected $3,880,000 from customers on account.3)$20,000 of accounts receivable were deemed uncollectible and written off.4)$3,000 of accounts receivable previously written off as uncollectible were recovered.5)At year-end, Lily Company estimates that 3% of its accounts receivable are uncollectible.Prepare journal entries to record these transactions.
What will be an ideal response?
A shelf dispenser in a supermarket provides pieces of paper that offer $1.00 off any Thermasilk hair care product. Customers can redeem their savings at the time of purchase. This sales promotion is a _____.
A. point-of-purchase display B. rebate C. coupon D. premium E. refund