The traditional household consists of ________
A) a husband, wife, and children (and sometimes grandparents)
B) a group of related persons living together
C) two or more families living together
D) a man and a woman living together (whether married or not)
E) related or unrelated persons who share living arrangements
A
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How is the balance sheet linked to the other financial statements?
a. The amount of retained earnings reported on the balance sheet is equal to net income. b. Retained earnings is added to total assets and reported on the balance sheet. c. Net income increases retained earnings on the statement of retained earnings, which ultimately increases retained earnings on the balance sheet. d. There is no link between the balance sheet and other statements, as each contains different accounts and provides different information.
It is unlikely that greater control by shareholders will lead to greater corporate social responsibility because:
A. many shareholders have access to the information necessary to closely monitor the noneconomic performance of a company. B. shareholders will have the power to adopt resolutions binding the corporate managers. C. there is a definite chance that the values of "ethical" shareholders would be representative of society as a whole. D. many shareholders are motivated by profit maximization and are unlikely to approve corporate actions contrary to that end.
Simone called the Puppy Heaven Kennel to reserve a kennel for her German shepherd while she went on vacation. In terms of the service blueprint, Simone's telephone call is an example of a(n):
A. Customer action B. Onstage contact employee action C. Audience action D. Support process E. Backstage contact employee action
Third party rights in contracts can arise by assignment of rights, delegation of duties, or in third party beneficiary contracts
a. True b. False Indicate whether the statement is true or false