In studying the legal environment of business, Professor Dooley's students also review ethics in a business context. Ethics includes the study of what constitutes
A. fair or just behavior.
B. financially rewarding behavior.
C. legal behavior.
D. religious behavior.
Answer: A
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Journal entries recorded at the end of each accounting period to prepare the revenue, expense, and dividends accounts for the upcoming period and to update the retained earnings account for the events of the period just finished are referred to as:
A. Closing entries. B. Updating entries. C. Adjusting entries. D. Final entries. E. Work sheet entries.
Using a ________ targeting strategy, a company develops one or more products for each of several customer groups with different product needs
A) fragmented B) homogeneous C) custom D) differentiated E) mass customization
Which type of proof statement would be best for a salesperson trying to convince a current customer to place a larger order?
A. Guarantees and warranties B. Customer testimonials C. Proof results of the seller D. Research results from independent studies E. Past sales figures of the buyer
A gain on the sale of a plant assets should be included in which of the following sections of a statement of cash flows prepared using the indirect method?
a. Investing activities b. Operating activities c. Financing activities d. Non-cash investing and financing activities e. None of these answers is correct.