Which of the following statements is true of the managerial school of social responsibility?
A) It argues that a firm must have the trust of all groups, both internal and external.
B) It argues that the social costs of doing business are the collective responsibility of the government.
C) It asserts that a business is a legal entity in our society that must be held responsible for its activities.
D) It sees all business units as accountable to elected public officials.
A
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Information relating to direct labor for Brussels, Inc follow: Actual direct labor hours 8,200 Standard direct labor hours 8,100 Total direct labor per payroll $101,000 Standard labor rate per hour $11.00 The labor efficiency variance is:
a. $4,100 unfavorable b. $5,300 unfavorable c. $4,050 unfavorable d. $1,100 unfavorable
An organization's hurdle rate should be at least equal to the organization's cost of capital
Indicate whether the statement is true or false
Persons who are shareholders on the record date are entitled to receive the dividend, even if they sell their shares before the payment date
Indicate whether the statement is true or false
Torts arise from a violation of a ____ duty
A)public B)private C)contractual D)criminal