Answer the following statements true (T) or false (F)
1. Organizational Stewards develop transactional relationships with their organizations.
2. Social auditing is becoming a common business practice.
3. There is no guarantee the higher CSR will lead to higher company profits.
4. At the foundation level of CSR, an organization must be profitable otherwise they could go bankrupt and may not be able to carry on.
5. Corporate advocacy is purely for monetary gains.
1. False
2. True
3. True
4. True
5. False
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Stafford Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product. The allocation base for variable overhead costs is direct labor hours. At the beginning of the year, the static budget for variable overhead costs included the following data:
How much is the standard cost per direct labor hour for variable overhead? (Round your answer to the nearest cent.)
A) $22.13 per direct labor hour
B) $32.93 per direct labor hour
C) $26.73 per direct labor hour
D) $24.92 per direct labor hour
A joint venture resembles a conglomeration, with a parent company and subsidiaries
Indicate whether the statement is true or false
On January 1, 2016, Donna Company leased equipment by signing a five-year lease that required five payments of $30,000 due on December 31 of each year. The equipment remains the property of the lessor at the end of the lease, and Donna does not guarantee any residual value. Using a rate of 8%, Donna capitalized the lease on January 1, 2016, in the amount of $119,781. What is the amount of interest expense Donna should report on its 2017 income statement?
A. $9,582 B. $7,949 C. $20,418 D. $22,051
Which one of the following is not a basic part of an insurance contract?
A) Deductibles B) Conditions C) Declarations D) All of the above are a basic part of an insurance contract.