The theory of business social responsibility that holds that a business has a duty to generally do
good for society is:
A) The moral minimum theory. B) The maximizing profits theory.
C) The stakeholder interest theory. D) The corporate citizenship theory.
D
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The accounting method that is used for share appreciation rights (SARs) compensation plans is similar to the accounting procedures that can be used for
A) fixed compensatory share option plans. B) performance-based share option plans. C) noncompensatory share option plans. D) both fixed compensatory and performance-based share option plans.
You want to advertise your new product. You want good mass marketing coverage and low cost per exposure. You also want to combine sight, sound, and motion and make the advertisement appealing to the senses
You should choose ________ as your advertising media. A) newspaper B) radio C) magazines D) television E) direct mail
As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2 Gant paid $3,600 on accounts payable. Which of the following statements is incorrect?
A. Gant's working capital will remain the same. B. Gant's quick ratio will increase. C. Gant's quick ratio will increase and its current ratio will decrease. D. Gant's current ratio will increase.
A court may not dissolve a corporation in a proceeding brought by a shareholder if it is only established that the acts of the directors are merely oppressive and not destructive
a. True b. False Indicate whether the statement is true or false