During which of the following time periods was an increased focus on social responsibility in business most significant?
A) the first decades of the twentieth century
B) the Great Depression
C) the 1950s
D) the 1980s
E) the 2000s
E
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The current portion of long-term debt should
A) be classified as a long-term liability. B) not be separated from the long-term portion of debt. C) be paid immediately. D) be reclassified as a current liability.
Which of the following is not true?
A) The sales forecast is done before the sales budget. B) The master budget is the comprehensive plan for the organization as a whole. C) The production budget is prepared in units and dollars. D) One approach to forecasting sales is the bottom up approach. E) In creating the sales forecast, outside factors such as the state of the economy, should be considered.
Why has corporate restructuring become a popular strategy at many diversified companies over the past decade?
What will be an ideal response?
A disadvantage of a joint venture arrangement when entering a new global market is that
A. the firm entering the foreign market must pay royalties to the other firm. B. the two companies may disagree about policies. C. intermediaries have the potential to harm the brand. D. this method is likely to provide the fewest subsidies from the host country's government. E. one of the companies forgoes control over its product.