Which party bears the blame in case of an ethical breach in the supply chain?
a. suppliers
b. suppliers of suppliers
c. the primary firm
d. distributors
c. the primary firm
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A dual-purpose test:
A. is a procedure completed by both the internal and external auditors. B. is useful to both the entity and the auditor. C. is both a substantive test of transactions and a test of controls. D. simultaneously tests debits and credits.
Exchange rate risk is the risk that the cash flows from a foreign project, when converted to the parent company's currency, will be worth less than was originally projected because of exchange rate changes.
Answer the following statement true (T) or false (F)
In an entrepreneurial culture, strategic orientation is driven by
a. a perception of opportunity. b. controlled resources. c. employment of required resources. d. coordination of activity.
Circle Corporation has 1,000 shares of common stock outstanding. Circle redeems 450 shares owned by Dennis for $75,000 in complete redemption of Dennis's interest. The redemption qualifies as a sale. When the redemption is made, Circle Corporation has $150,000 of current and accumulated E&P and paid-in capital of $50,000. The distribution reduces paid-in capital by
A. $67,500. B. $22,500. C. $0. D. $7,500.