The ________ ethical system acknowledges the existence of different ethical viewpoints.
A. totalitarianism
B. universalism
C. relativism
D. utilitarianism
E. egoism
Answer: C
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Preferred stockholders must receive their current-year dividends before the common stockholders can receive any dividends
a. True b. False Indicate whether the statement is true or false
Transnational companies, such as Toyota and Honda, have characteristic features that include:
A) being in both global markets and utilizing global supply chains. B) characterized by a mind-set of being "stateless." C) using both localized and standardized elements in marketing programs. D) decisions made on the basis of ongoing research. E) all of the above.
The process of initially recording a business transaction is called
A) trial balancing B) posting C) journalizing D) balancing
______________ is the process in which future courses of action are developed to achieve the firm’s short- and long-term goals.
a. Strategic planning b. Tactical planning c. Operational planning d. Virtual planning