Which value framework operate from a framework that is ethnocentric, competition based and focused on narrowly defined financial and national interest?
a. Inclusive
b. Exclusionary
c. Exclusive
d. Restrictive
b. Exclusionary
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Read the information about Moore Industries. The company's dividends for the year
a. Reduce the amount of capital stock reported by the company. b. Are part of Moore Industries' operating costs. c. Are reported on the statement of retained earnings. d. Are an expense of Moore Industries.
Jaakola Corporation makes a product with the following costs: Per UnitPer YearDirect materials$17.00 Direct labor$22.00 Variable manufacturing overhead$4.00 Fixed manufacturing overhead $504,000 Variable selling and administrative expenses$4.90 Fixed selling and administrative expenses $319,200 ?The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based on budgeted production and sales of 28,000 units per year. The company has invested $360,000 in this product and expects a return on investment of 15%. The markup on absorption cost would be closest to:
A. 27.1% B. 15.0% C. 84.3% D. 29.9%
Proponents of the ________ school of social responsibility argue that because business managers are responsible only to a board of directors that represents shareholders, the corporation cannot be trusted to act in a socially responsible manner
A) profit-oriented B) managerial C) institutional D) regulation
Directors have the authority to manage the corporate business
a. True b. False Indicate whether the statement is true or false