The value of a nontaxable fringe benefit is different for each employee because employees have different financial needs and consumption preferences.

Answer the following statement true (T) or false (F)


True

Business

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Frank Corporation purchased supplies at a cost of $15,000 during 2015 . At January 1, 2015, supplies on hand were $2,000 . At December 31, 2015, supplies on hand are $2,500 . Calculate supplies expense for 2015

a. $ 15,500 b. $ 14,500 c. $ 15,000 d. $ 17,000

Business

Which approach to ethical reasoning has as one of its central tenets that happiness is defined as presence of pleasure and absence of pain?

A. end-result ethics B. social context ethics C. personalistic ethics D. duty ethics

Business

If an argument has merit, but does not support your argument, you may respond to the argument using a _____

A) rebuttal B) refutation C) concession D) resistance statement E) goal statement

Business

________ is generally considered to be the least risky means of doing international business

A) Licensing B) Trade C) Franchising D) Direct investment

Business