Dodge v. Ford stands for the legal principle that
a. managers and directors have a legal duty to put shareholders’ interests above all others.
b. managers, not shareholders, have the legal authority to determine workers’ wages.
c. the interests of multiple stakeholders must be considered in business practices.
d. corporations have a legal duty to act in socially responsible ways.
Ans: A
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A field environment is synonymous with actual market conditions
Indicate whether the statement is true or false
Which of the following price adjustment strategies offers a price reduction to buyers who pay their bills promptly?
A) cash discount B) season discount C) quantity discount D) trade discount E) functional discount
To perform vertical analysis:
A) items on the balance sheet need to be restated to their fair market values. B) items on the balance sheet need to be indexed for inflation. C) common-size financial statements need to be prepared. D) horizontal analysis needs to have already been done.
Volos Company (a calendar-year corporation) began operations in March of 2017 and was not profitable through December of 2018. Volos has been profitable for the first quarter of 2019 and is trying to determine its first quarter estimated tax payment. It will have no estimated tax payment requirement in 2019 because it had no tax liability for the 2018 tax year and has been in business for at least 12 months.
Answer the following statement true (T) or false (F)