The company that Don owns, the Ardmore General Store, is a family-owned company that has been in business for more than 100 years. Don wants to give back to the people of the community to acknowledge their role in the store's success. He decides to donate a significant portion of the store's profits to a charity every year. Don's decision is an example of ___ in action.
A. corporate social responsibility
B. corporate governance
C. a code of ethics
D. economic responsibility
E. legal responsibility
A. corporate social responsibility
Corporate social responsibility (CSR) is the notion that corporations are expected to go above and beyond the law and profit to help society.
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A(n) ________ is created when a customer and business have ongoing interactions through the sales of a product or service
A) utility B) marketing concept C) customer relationship D) exchange function E) facilitating function
In a statement of cash flows (indirect method), depreciation is treated as an adjustment to reported net income because depreciation
a. is an inflow of cash to a reserve account for asset replacement. b. reduces the reported net income and involves an inflow of cash. c. reduces the reported net income but does not involve an outflow of cash. d. usually represents a significant portion of operating expenses.
_____ is NOT a diagnostic component of Porter's framework for competitor analysis
a. Market sensing b. Future goals c. Current strategy d. Capabilities
Floyd Manufacturing purchased an asset costing $65,000. Annual operating cash inflows are expected to be $12,000 each year for ten years. No salvage value is expected at the end of the asset's life. Assuming Floyd's cost of capital is 11 percent, what is the asset's net present value? (ignore income taxes)
A) $4,443 B) $5,670 C) $4,560 D) $17,670