Under the allocational efficiency theory, the primary objective of a business corporation is to:
A. minimize criticism.
B. maximize corporate social responsibility.
C. maximize profits.
D. minimize fraudulent activities.
Answer: C
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The three components of the ABC Model are affect, beliefs, and cognition
Indicate whether the statement is true or false
Discuss the advantages and uses of secondary data
What will be an ideal response?
Brooks Company sells merchandise to customers. Under the accrual basis of accounting, Brooks should normally recognize:
A) revenue and the related expenses in the same accounting period as earned, whether payment is received or not. B) revenue when cash is collected and expenses when Brooks pays its creditor for the merchandise. C) revenue and expenses after all payments are made. D) expenses in the period the merchandise is sold and defer revenue recognition until the customer pays for the merchandise.
Which of the following interview questions is appropriate?
A. What is the origin of your name? B. What is your date of birth? C. Have you ever worked under a different name? D. Are you a U.S. citizen?