Which of the following statements is inconsistent with Milton Friedman's argument regarding the responsibility of a firm?
A) Free and open competition is beneficial to business.
B) Labour leaders' only responsibility is to serve the interests of their unions.
C) The only social responsibility of business is to make profits.
D) Profit maximization is the primary purpose of business.
E) All of the answers are consistent with his position.
E) All of the answers are consistent with his position.
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Which of the following is an example of direct selling?
A) E&OE sells its herbal skincare products exclusively through its stand-alone stores. B) TCJ is a telemarketing firm that sells products from a number of different suppliers. C) Jayne's sells most of its products to customers through home sales parties. D) J3 is an online shopping portal where customers can buy directly from manufacturers. E) Reynold's tries to minimize its staff costs by installing vending machines in its stores.
Using a wiki for a group project will allow members to track the history of changes
Indicate whether the statement is true or false.
A police officer's legal right to arrest a suspect for a crime that was not committed in the officer's presence must be based on
a. reasonable doubt. b. suspicion. c. probable cause. d. Miranda warnings.
Fisher Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The following information about Fisher Corporation's Work in Process inventory account has been provided for the month of May: May 1 balance$26,000Debits During May: Direct Materials$40,000Direct Labor$50,000Manufacturing Overhead$37,500 During the month, Fisher Corporation's Work in Process inventory account was credited for $120,500, which represented the Cost of Goods Manufactured for the month. Only one job remained in process on May 31; this job had been charged with $9,600 of applied overhead cost. The amount of direct materials cost in the unfinished job would be:
A. $12,800 B. $23,400 C. $10,600 D. $16,700