Organizations that engage in ________ corporate social responsibility expect, encourage, and reward for being active volunteers in the community, often on company time.
A. legal
B. ethical
C. benevolent
D. social
C. benevolent
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Bond issue costs
a. must be expensed when incurred. b. must be amortized over the life of the bonds. c. are recorded in an asset account and not amortized. d. appear on the balance sheet as a liability.
The three levels of the concept of a product are as follows:
a. the product mix, product line and product item b. the features, styling, packaging, and quality c. the core product level, intangible product level and augmented product level d. the core product level, tangible product level and augmented product level e. the product level, the service level and the pure behavior level
Agreement to a contract requires an offer by the offeror and an acceptance of the offer by the offeree
Indicate whether the statement is true or false
Which of the following statements is false?
A. Volume measures are good drivers for fixed overhead costs. B. Fixed costs that do not have a definitive cost driver are allocated using an allocation base that distributes a rational share of the cost to each product. C. Cost drivers are often selected based on the availability of information. D. Both direct and indirect costs can be assigned to a cost object.