Withdrawals in a sole proprietorship or partnership are equivalent to which of the following in a corporation?
a. net income
b. dividends
c. salaries
d. retained earnings
b
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What costs are treated as product costs under direct costing?
a. Only direct costs b. Only variable manufacturing costs c. All variable costs d. All variable and fixed manufacturing costs
Answer the following statements true (T) or false (F)
1. On the whole, people tend to respond to unfair or dishonest treatment with fair and honest treatment. 2. All of the four broad philosophies of morality and human nature contend that humans are born with a soul. 3. According to Jonathan Haidt, our “moral sense” includes emotions like contempt, anger, and disgust. 4. Lawrence Kohlberg proposed that human beings go through six stages of moral development divided into three overall levels. 5. “Do not lie to others” could be considered an altruistic behavior but not a moral imperative.
Ringer Corporation had a current ratio of 3.1 at the end of 2013 . Current assets and current liabilities increased by equal amounts during 2014 . The effects on net working capital and on the current ratio, respectively, were
a. no effect; increase. b. no effect; decrease. c. increase; increase. d. decrease; decrease.
Cuisine Royale, a restaurant chain, has introduced many Asian and Mexican dishes in the menu. This was done because the top management had recognized that the number of their customers from minority groups was increasing
This scenario illustrates how _____ factors influence marketing decisions. a. environmental b. demographic c. legal d. ethical