Answer the following statement(s) true (T) or false (F)
One definition of corporate social responsibility is “a responsibility among firms to meet the needs of their stakeholders and a responsibility among stakeholders to hold firms to account for their actions.”
Ans: True
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The Pacific division has the following income statement for the last quarter: The company's average operating assets for the period were $270,000. The company requires a minimum rate of return of 13%. What was the division's margin?
a. 10.71% b. 10.23% c. 25% d. 12.36% e. None of the answers are correct.
The assets and liabilities of the company are $175,000 and $40,000, respectively. Owner's equity should equal
A) $215,000 B) $135,000 C) $175,000 D) $40,000
In the sentence My supervisor and I recently interviewed four outstanding candidates for the accounting position, the word I functions as a(n)____
A) noun B) pronoun C) adjective D) interjection
Select the correct answer
a. Rosie rents a locker at the airport, and she puts a bag in the locker. Rosie keeps the locker key. In this case, the bag has been delivered to and accepted by the airport. The airport is a bailee. b. Hill rents a boat to Dan. The boat is located at a lake 30 miles away. Hill gives Dan keys to the boat. Dan drives to the lake and takes possession of the boat. In this case, the boat has been delivered to and accepted by Dan, and Dan is a bailee. c. Unknown to Lon, Jeff left a bike at Lon's house. Lon has not found the bike and he is not likely to find it because Jeff left the bike under the front porch. In this case, Lon is a bailee of the bike. d. Ken parked a car in a self-service lot and Ken kept the keys. The parking lot is a bailee.