A large part of Jamal's job is to help his company use more recycled products, reduce pollution, and switch to renewable sources of energy. Which of the following does Jamal's job focus on?

A. collaboration
B. cost competitiveness
C. sustainability
D. total quality
E. innovation


Answer: C

Business

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If a company uses LIFO for annual reporting purposes, it must also use it for interim reporting. This enables external users to accurately compare financial statements

Indicate whether the statement is true or false

Business

Vast Ocean Corporation has an incentive compensation plan under which the sales manager receives a bonus equal to 10% of the company's income after deducting income taxes but before deducting the bonus. Income before income tax and the bonus is $80,000 . The effective income tax rate is 40%. How much is the bonus?

a. $8,000 b. $5,000 c. $4,800 d. $4,320

Business

Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error?

A) net income is understated B) net income is overstated C) cost of merchandise sold is understated D) merchandise inventory reported on the balance sheet is overstated

Business

A measure of forecast error that does not depend upon the magnitude of the item being forecast is the ________

Fill in the blanks with correct word

Business