If private entities engage in public functions, constitutional guarantees such as free speech and due process may apply to their actions under the __________ doctrine.
A. state action
B. federal preemption
C. interstate commerce
D. supremacy
Answer: A
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The ________ concept specifically focuses on the future welfare of customers, but not on future company needs
A) societal marketing B) strategic planning C) sustainable marketing D) marketing E) selling
Which of the following is true regarding the predictive ability of accounting data?
a. The predictive ability objective is validated by market efficiency. b. Previous studies have indicated that historical cost income is not as good a predictor of itself as general price-level-adjusted income or current value income. c. Studies have found that income measurement methods that have the greatest predictive ability are also best in terms of most other objectives. d. Predictive ability is the same as the quantifiability standard of ASOBAT.
According to IRS guidelines, companies may use FIFO for financial reporting and LIFO for tax reporting.
Answer the following statement true (T) or false (F)
In deciding the precedent-setting corporate political speech case First National Bank of Boston v. Bellotti, the Supreme Court ruled which one of the following?
A. That corporations are too powerful to be allowed to participate in politics B. That the voice of corporations has been overwhelming in politics C. That "political speech" is protected, regardless of who is speaking D. That the First Amendment applies only to individuals, not to corporations E. That corporations undermine citizens' confidence in government