Which of the following is considered one of the major factors that influences an individual's personal moral philosophy and ethical behavior?
A. a nation's moral philosophy
B. federal regulatory agencies
C. business culture and industry practices
D. legislation
E. organizational structures
Answer: C
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The master budget includes individual budgets for sales, production or merchandise purchases, various expenses, capital expenditures, and cash.
Answer the following statement true (T) or false (F)
The partnership's net income for the first year is $50,000. Nancy's capital balance is $83,000 and Betty's capital balance is $11,000 at the end of the year. Calculate the share of profit/loss to be allocated to Betty.
Nancy and Betty enter into a partnership agreement where they decide to share profits according to the following rules: (a) Nancy and Betty will receive salaries of $1700 and $14,500 respectively as the first allocation. (b) The next allocation is based on 20% of each partner's capital balances. (c) Any remaining profit or loss is to be allocated completely to Betty. A) $18,300 B) $31,700 C) $3760 D) $16,100
Which of the following statements is TRUE?
A) On many calculators the TVM key for interest is I/Y; this is Interest per Year, or the EAR rate. B) On many calculators the TVM key for interest is Y/I; this is Interest per Year, or the APR rate. C) On many calculators the TVM key for interest is I/Y; this is Interest per Year, or the APR rate. D) On many calculators the TVM key for a period is I/Y.
The unification of Europe through the European Union (EU)
A. produced the largest single market in the world. B. calls for greater customization of products and attention to regulations and restrictions of European countries. C. means that members of the EU have become more heterogeneous in their needs and wants. D. required the countries to be segmented into many different markets. E. permits virtually free trade among the member nations of the EU.