The interdependence between business and society takes two forms: inside-out linkages and outside-in linkages. Explain.
What will be an ideal response?
Inside-out linkages represent the corporation's positive and negative influence on society through its
operations whereas outside-in linkages represent society's positive and negative influences on the
corporation.
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Which of the following is not a problem associated with standard cost accounting?
a. Standard costing motivates management to produce large batches of products and build inventory. b. Applying standard costing leads to product cost distortions in a lean environment. c. Standard cost data are associated with excessive time lags that reduce its usefulness. d. The financial orientation of standard costing may promote bad decisions. e. All of the above are problems with standard costing.
Serena wants to buy a pair of sunglasses. She decides to buy it from Seekart, an online retail store
Seekart uses an automated system to process its customers' purchases and sends the information to the manufacturer's warehouse, which directly ships the required products to the customers. This system employed by Seekart is called a(n)__________. Fill in the blanks with correct word.
Personal property means all property EXCEPT A) soil, plants, and trees removed from the land
B) minerals and crops removed from the land. C) land and all things permanently attached to the land. D) intangible property.
EPA regulation of industry growth is more stringent in non?attainment areas
Indicate whether the statement is true or false