Identify the account used by businesses to record the transfer of assets from a business to its stockholders:
A. The dividends account.
B. A revenue account.
C. A liability account.
D. The common stock account.
E. An expense account.
Answer: A
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For high-involvement purchases, consumers typically do all of the following EXCEPT:
A. participate in word-of-mouth communication. B. evaluate a single product attribute, such as price. C. consider many brands. D. spend considerable time evaluating criteria for the consideration set. E. use both internal and external sources in information search.
Thompson Inc has the following selected information available for 2011: Cost of goods manufactured $220,000 Cost of goods sold 150,000 Direct labor costs incurred 65,000 Raw material purchased 90,000 Raw material used 100,000 Beginning work in process 23000 Ending work in process 11000 Manufacturing overhead costs in 2011 amounted to:
A) $67,000. B) $55,000. C) $43,000. D) $53,000.
Triple-bottom line refers to
A. the recognition of the need for organizations to be responsible simultaneously to shareholders, employees, and customers. B. the recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously if they are to achieve sustainable, long-term growth. C. three different financial statements prepared in three different formats: one for governmental regulators, one for shareholders, and one for internal use. D. the obligations an organization has to practice profit, stakeholder, and societal responsibility simultaneously. E. the obligations an organization has to those who can affect achievement of its sales, profit, and market share objectives simultaneously.
The Immigration Reform and Control Act:
a. requires that employers not hire or employ aliens b. requires that employers not discriminate based on national origin and citizenship c. allows employers to hire an unlimited number of foreign nationals under the H-1B visa program d. all of the above e none of the above