Indonesian logging companies harvest the rain forests for timber and assume that a market exists for their products. The typical Indonesian logging company has a(n) _____ orientation.
A. exchange
B. product
C. production
D. sales
E. environmental
Answer: C
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From 2000-2010, which nation lost thousands of jobs to China, whose average wages were half of those of this country?
a. Japan b. Canada c. Germany d. Mexico
_____ are overused expressions that can cause their users to be perceived as unoriginal, unimaginative, lazy, and perhaps even disrespectful.?
A) ?Chunks B) ?Jargon C) ?Clichés D) ?Connotations
For external-reporting purposes, generally accepted accounting principles require that net income be based on:
A. activity-based costing. B. direct costing. C. variable costing. D. absorption costing. E. semivariable costing.
A question of ethics
McQuade was the manager of the New York Giants baseball team. McQuade and John McGraw purchased shares in the National Exhibition Co, the corporation that owned the Giants, from Charles Stoneham, who owned a majority of National Exhibition's stock. As part of the transaction, each of the three agreed to use his best efforts to ensure that the others continued as directors and officers of the organization. Stoneham and McGraw, however, subsequently failed to use their best efforts to ensure that McQuade continued as the treasurer and a director of the corporation, and McQuade sued to compel specific performance of the agreement. A court reviewing the matter noted that McQuade had been "shabbily" treated by the others but refused to grant specific performance on the ground that the agreement was void because it interfered with the duty of the others as directors to do what was best for all the shareholders. Although shareholders may join to elect corporate directors, they may not join to limit the directors' discretion in managing the business affairs of an organization; the directors must retain their independent judgment. Consider the implications of the case and address the following questions.