A business that undertakes activities that benefit persons who are in no way connected with the
business is applying which theory of the social responsibility of business?
A) Moral minimum B) Maximizing profits
C) Stakeholder interest D) Corporate citizenship
D
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Use this information to answer the following question. Dec. 1 Inventory 15 units @ $4.00 8 Purchase 60 units @ $4.40 17 Purchase 30 units @ $4.20 25 Purchase 45 units @ $4.80 Total sales 100 units Assuming that the specific identification method is used
and that ending inventory consists of 15 units from each of the three purchases and five units from the January 1 inventory, cost of goods sold is A) $221. B) $418. C) $338. D) $445.
Preparing reports that explain the results of past pricing policies and recommend new ones falls under which stage of the management process?
A) Planning B) Performing C) Evaluating D) Communicating
Which of the following are characteristics of a limited partnership?
A) General partners have unlimited liability. B) There must be one or more general partners. C) Limited partners may not participate in the management of the limited partnership. D) all of the above
Juxiplex, an electronics company, introduced a new range of smart phones. It bought the required raw materials from Gunplet Inc. without making payment at the time of purchase. Instead, Gunplet Inc. allowed Juxiplex to pay within fifteen days from the time of purchase. Which of the following short-term financing options was used by Juxiplex in the given scenario?
A. Factoring B. Trade credit C. Short-term bank loans D. Commercial paper