The three characteristics of environmentally sustainable businesses are, in brief, limitations, interdependence, and __________.
Fill in the blank(s) with the appropriate word(s).
equity
The third characteristic is equity. Together, these characteristics change the approach to business in fundamental ways.
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When bonds are issued at face value, ________.
A) the amount of cash received depends on the amount of bond discount or premium B) for each interest payment, the amount of Interest Expense equals the amount of cash paid C) for each interest payment, the amount of Interest Expense depends on the amortization of the bond discount or premium D) the journal entry to record the issuance of the bonds includes a debit to the Bonds Payable account
Service businesses cannot measure the quality of their work
Indicate whether the statement is true or false
If fixed costs are $500,000 and the unit contribution margin is $20, what is the break-even point in units if fixed costs are reduced by $80,000?
A) 25,000 B) 29,000 C) 4,000 D) 21,000
Myra’s organization provides group health insurance. Under her coverage, Myra can see any physician or go to any medical facility. However, if she goes to a physician or facility outside those identified by her plan, she will have to pay a larger percentage of the costs. Her group health insurance is a ________.
A. fee-for-service plan B. health maintenance organization C. preferred provider organization D. health savings account service E. high-deductible health plan