How does the text define “strategic philanthropy”?
a. the partnering of a company and the government to coordinate philanthropic giving so
that it has the biggest impact in a specific geographic region
b. the planning on the part of a company so that giving does not damage the company’s
resources over the long term
c. the partnering of a company and nonprofit organization to achieve a communal good
that also benefits the company.
d. philanthropic giving by a company that contributes directly to the company’s value or
profit
c. the partnering of a company and nonprofit organization to achieve a communal good
that also benefits the company.
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In a traditional volume-based cost system, total manufacturing costs are calculated by:
A. adding activity cost, direct material cost, and direct labor cost. B. subtracting manufacturing overhead from selling price. C. adding manufacturing overhead cost, direct materials cost, and direct labor cost. D. adding direct material cost and direct labor cost.
Charles Wood, purchasing manager for a company that makes golf carts, posted the purchase specifications for the seats on a new golf cart model his firm is building. Four suppliers submitted ________ that included the terms of sale each had to offer.
A. an auction B. negotiated contracts C. defined sales procedures D. competitive bids E. operational linkages
A corporation must record a liability for cash dividends on the date of record.
Answer the following statement true (T) or false (F)
A major development in the purchasing of advertising media in recent years has been the rapid growth of ________, which refers to a wide range of technologies that are automating the buying, placement, and optimization of advertising media.
A. cost-plus systems B. programmatic buying C. commission systems D. incentive-based systems E. objective-and-task systems