Grave markers are usually covered by HO policies
Indicate whether the statement is true or false
TRUE
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Which of the following statements is true of the managerial school of social responsibility?
A) It argues that a firm must have the trust of all groups, both internal and external. B) It argues that the social costs of doing business are the collective responsibility of the government. C) It asserts that a business is a legal entity in our society that must be held responsible for its activities. D) It sees all business units as accountable to elected public officials.
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable$365,000?debitAllowance for uncollectible accounts 600?debitNet Sales 810,000?credit All sales are made on credit. Based on past experience, the company estimates that 0.4% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared?
A. $2060 B. $3840 C. $2640 D. $3240 E. $860
In the five forces model developed by Michael Porter, ________ is not defined narrowly as a firm's closest competitors but rather more broadly to include other factors in an industry like buyers, suppliers, potential new entry of other firms, and the threat of substitutes.
A. a barrier to entry B. competition C. a stakeholder D. regulation
Freight forwarders are regulated by the Department of State and arrange the transportation of goods for the importer and represent the importer with customs
Indicate whether the statement is true or false