Which of the following is not a characteristic of a corporation?
A) Corporations are organized as a separate legal taxable entity.
B) Ownership is divided into shares of stock.
C) Corporations experience an ease in obtaining large amounts of resources by issuing stock.
D) For tax purposes, a corporation's business is not separated from the stockholder.
D
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To provide greater clarity to business ethics, many companies and professional groups
A. Encourage managers to rely on their own personal sense of right and wrong. B. Establish a reward system for those who display ethical behavior. C. Post consequences to unethical behavior. D. Publish a code of conduct. E. Conduct annual training seminars on business ethics.
Business culture affects ethical conduct both in the exchange relationship between sellers and buyers and in the
A. purchase behavior among buyers. B. competitive behavior among sellers. C. perception of ethical behavior as viewed by employers of business firms, not nonprofits. D. price, service, and product responsibility to the ultimate consumer. E. accountability of buyers and sellers to federal and state regulators.
Given a discount rate of 0%, which of the following has the greatest present value? ONE, a series of 10 equal annual end-of-the cash flows of $100 each, TWO, just like ONE except the first 5 cash flows are only $50 but the last 5 cash flows are $150
, or THREE, just like ONE except the 10 $100 cash flows are at the beginning of the period. A) ONE B) TWO C) THREE D) The choices all have equal present values.
Forecasting for more than a month at a time is not helpful because you can't plan for unexpected expenses in the future
Indicate whether the statement is true or false.