Information is a business resource
Indicate whether the statement is true or false
T
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Answer the following statements true (T) or false (F)
1. In the past, NGOs would focus their efforts on influencing business activities directly; increasingly, they are focusing on influencing government policies regarding business. 2. An NGO in Canada is attempting to influence consumers to consider the purchase of fair trade products as Christmas gifts. Support for alternative product sources is a tactic of NGOs. 3. There has been a shift in recent years to indirectly influencing corporations through other stakeholders, for example shareholders, consumers, or suppliers. 4. NGOs can confer legitimacy on government actions. 5. NGOs are in agreement that free trade is damaging for the developing nations.
An extraordinary loss of $250,000 that results in income tax savings of $60,000 should be reported as an extraordinary loss (net of tax) of $190,000 on the income statement
Indicate whether the statement is true or false
Cost behavior is defined as the manner in which costs respond to changes in volume or activity
Indicate whether the statement is true or false
One advantage of the payback method for evaluating potential investments is that it provides information about a project's liquidity and risk.
Answer the following statement true (T) or false (F)