The fact that many people believe that businesses should focus on making a profit and leave social and environmental issues to nonprofit organizations is:
A. one of the arguments in support of social responsibility
B. one of the reasons why so many organizations have a sustainability plan
C. creating a competitive disadvantage for larger corporations
D. forcing organizations to choose between stakeholders and the environments in which the stakeholders live
E. one of the arguments against social responsibility
Answer: E
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Which of the following statements is true of contracts made illegal by statutes?
A. Forfeiture of excess or all interest is a common penalty for violation of usury laws. B. Blue laws prohibit certain work and the transaction of certain business on Monday. C. Sunday laws do not vary across states in a country. D. Barbers and beauty operators do not require licenses to work.
An advantage to a retailer's having a deep assortment is _____
a. the appeal to innovative consumers b. the appeal to one-stop shopping for a variety of product needs c. being able to appeal to diverse consumer needs d. less likelihood of having too much stock on hand
A systems analyst is paid at the rate of $50/hour and will be needed for 40 hours. Her employer uses an overhead multiplier of 60% and does not factor in personal time. Her total direct labor cost should be billed at:
A) $2,000. B) $3,200. C) $1,250. D) $4,500.
The element of the audit planning process most likely to be agreed upon with the entity before implementation of the audit strategy is the determination of the
A. Evidence to be gathered to provide a sufficient basis for the auditor's opinion. B. Procedures to be undertaken to discover litigation, claims, and assessments. C. Pending legal matters to be included in the inquiry of the entity's attorney. D. Timing of inventory observation procedures to be performed.