Madelaine has figured out how to make an antiwrinkle cream using natural ingredients. She buys her ingredients only from fair trade suppliers, and she did not allow her product to be tested on animals
She has 15 employees to manufacture and sell her product, and she donates 10 percent of her gross sales to local animal shelters. When Madelaine incorporated her company, she became legally required to adhere to certain social practices. What kind of company is Madelaine's?
A) a B corporation
B) an LLC
C) a C corporation
D) an S corporation
E) a cooperative
Answer: A
Explanation: A) B corporations are legally required to adhere to socially beneficial practices, such as helping communities, employees, consumers, and the environment.
You might also like to view...
Which of the following is NOT an alternative for the treatment of unsatisfactory responses?
A) return the questionnaire to the field to get better data B) assign missing values C) discard unsatisfactory respondents D) delete the question from the survey E) C and D
A criticism of the GLOBE research study, cited in the text, is ______.
A. the way the study measured leadership B. the narrow scope of the study C. underdeveloped quantitative research design D. classification system is not as expansive as the Hofstede classification
How does the purchase of cash equivalents and short-maturity high-grade utilities accomplish the goal of shortening the duration?
What will be an ideal response?
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price$133Units in beginning inventory 0Units produced 7,000Units sold 6,800Units in ending inventory 200Variable costs per unit: Direct materials$41Direct labor$57Variable manufacturing overhead$5Variable selling and administrative expense$4Fixed costs: Fixed manufacturing overhead$133,000Fixed selling and administrative expense$34,000 What is the total period cost for the month under absorption costing?
A. $34,000 B. $61,200 C. $133,000 D. $194,200