A criticism of the stakeholder interest theory of the social responsibility of business is that it is
often impossible to determine how the interests of the different stakeholders should be balanced.
Indicate whether the statement is true or false
TRUE
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Ransom, Inc. budgets direct materials cost at $1.10/liter and each product requires 4 liters per unit of finished product. April's activities show usage of 832 liters to complete 196 units at a cost of $798.72. Compute the direct materials price and quantity variances. Indicate if the variance is favorable or unfavorable.
What will be an ideal response?
Transferred intent occurs when someone attempts to injure someone, but actually injures
another. Indicate whether the statement is true or false
In a comparative negligence state, if the plaintiff in a negligence lawsuit is found to be 30 percent negligent, the plaintiff would recover
a. 70 percent of the damages. b. all of the damages. c. none of the damages. d. 30 percent of the damages.
Any suit against the business or its employees does not lead to unlimited personal liability for the owner of a sole proprietorship
Indicate whether the statement is true or false