Explain why a business should seek to balance its economic, legal, and social obligations.
What will be an ideal response?
Answers may vary.
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The sum-of-the-years'-digits method of depreciation is being used for a machine with a five-year estimated useful life. What would be the fraction applied to the cost to be depreciated in the fourth year?
a. 2/5 b. 4/5 c. 2/15 d. 4/15
Which of the following will increase the contribution margin?
a. Reduction in variable costs b. Reduction in fixed costs c. Reduction in sales d. Reduction in net income
A promise or order is payable at a definite time if it is payable:
a. at a time readily ascertainable at the time the promise or order is issued. b. at a fixed date or dates. c. at a definite period of time after sight or acceptance. d. All of these.
The operations of Metal Refining Industries, Inc., are major sources of air pollution. These operations must use
A. the absolutely cleanest air technology. B. the best available filter technology. C. the maximum achievable control technology. D. the most affordable scrubbing technology.