________ is defined as the way that the values and actions of managers and employees create a unique business environment.
A. Conscientiousness
B. Corporate social responsibility
C. Organizational culture
D. Integrity
Answer: C
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Las Palmas Company reported the following items on its financial statements for the year ending December 31, 2016: Sales $ 560,000 Cost of goods sold $400,000 Salary expense 40,000 Interest expense 30,000 Dividends 30,000 Income tax expense 25,000 How much will be reported as retained earnings on Las Palmas' balance sheet at December 31, 2016, if this is the first year of operations?
a. $ 45,000 b. $ 35,000 c. $ 85,000 d. Not enough information is provided.
______ is a means of self-promotion as well as a vehicle to express your interest in another.
Fill in the blank(s) with the appropriate word(s).
Autocratic leaders seek information and opinions from employees and base decisions on this information.
Answer the following statement true (T) or false (F)
A disadvantage of the corporate form of business is
a. lack of mutual agency. b. professional management. c. ease of transfer of ownership. d. tax treatment.