Vertibram, a packaged food company, solely manufactured food products that catered specifically to the Islamic community in the United States. However, after facing a stagnation in its sales, the company started manufacturing other products that contained pork to cater to the whole community. Which of the following dimensions of the social environment does this scenario exemplify?
A. Ethics
B. Age
C. Diversity
D. Social responsibility
Answer: C
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Which of the following is not a current trend in online content?
A. Americans continue to spend more on streaming music than downloaded music. B. Readership of newspapers in print form continues to exceed online readership. C. E-book sales growth slows. D. Explosive growth of the mobile platform accelerates the transition to digital content.
The interest payments on corporate bonds are tax-deductible
Indicate whether this statement is true or false.
It is obvious that an error occurred in the preparation and/or posting of closing entries if:
A) all revenue and expense accounts have zero balances. B) the Retained earnings account is debited for the amount of the net loss for the period. C) the income summary account is debited for the amount of net income for the period. D) all balance sheet accounts have zero balances. E) only permanent accounts appear on the post-closing trial balance.
Refer to the tables above. What is Tew's total asset turnover?
A) 2.9x
B) 1.3x
C) 0.63x
D) 1.25x