Senior management is responsible for creating an environment in which employees' decisions and actions and stakeholder interactions conform to the organization's moral and professional principles
a. True
b. False
Indicate whether the statement is true or false
True
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Import quotas
a. increase the price to the domestic consumer. b. have a protective effect but not a consumption effect. c. have a consumption effect but not a protective effect. d. generate no deadweight welfare losses for the home country.
Steven Company owns 40% of the outstanding voting common stock of Nicole Corp. and has the ability to significantly influence the investee's operations. On January 3, 2018, the balance in the Investment in Nicole Corp. account was $503,000. Amortization associated with this acquisition is $12,000 per year. During 2018, Nicole earned net income of $120,000 and paid cash dividends of $40,000. Previously in 2017, Nicole had sold inventory costing $35,000 to Steven for $50,000. All but 25% of that inventory had been sold to outsiders by Steven during 2017; the remainder was sold in 2018. Additional sales were made to Steven in 2018 at an intra-entity selling price of $75,000. The goods in the intra-entity sales cost Nicole $54,000. Only 10% of the 2018 intra-entity purchases from Nicole had
not been sold to outsiders by the end of 2018.What amount of gross profit on 2017 intra-entity sales should Steven defer at December 31, 2017? What will be an ideal response?
The best way to increase credibility and survive online attacks is to do what?
A) Monitor conversations B) Evaluate all negative messages C) Respond appropriately D) Take legal action E) Engage stakeholder before negative information appears
Target costing involves all of the following except:
a. determine what price customers are willing to pay for a product b. subtract all the target margins that supply-chain members want to take off the retail price c. arrive at a target cost by deducting target margins from the price customers are willing to pay d. target certain business units for cost reductions e. design and develop the product so that it meets target cost requirements