Answer the following statements true (T) or false (F)
1) In modern society, the desire to consume is a driving force which compels many individuals to work hard to acquire material possessions. The result is a consumption ethic in this generation of workers.
2) It is consumers' evaluation of a business that determines whether or not it will survive.
3) Those who question the degree of consumer sovereignty in Canada argue that governments influence or regulate in the "public interest," which frequently is more in the "producer interest."
4) The more competitive a market, the lower the power of the consumer.
5) Canada's economic system is capable of taking into consideration social and ethical concerns.
1) TRUE
2) TRUE
3) TRUE
4) FALSE
5) TRUE
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Breanne was walking across campus to her chemistry lab when she noticed an area that had posters displayed and for sale that was not there earlier in the week. This retail format would be an example of a
A. kiosk. B. store within a store. C. parasite store. D. pop-up shop. E. timed leased agreement.
Which one of the following is false regarding the adequacy of disclosures in a financial statement audit?
a. The auditor should consider matters for disclosure while gathering evidence during the course of the audit, not just at the end of the audit. b. One of the key disclosures is a summary of significant accounting policies used by the company. c. Disclosures should be limited to only checklist items. d. The auditor's report does not specifically cover the statements made by management in the "Management Discussion and Analysis" (MD&A) section of the annual report.
A major disadvantage to team decision-making is when team members are more concerned with preserving harmony in the group than with risking opinions that may cause conflict or offense. This is called ______.
A. group effectiveness B. social facilitation C. groupthink D. brainstorming
What is a dram shop?
A) A factory that illegally uses child labor B) A seller of second-hand goods C) A bar or tavern D) A pharmacy E) A house of ill repute