What is one business reason for companies claiming that their product formulation has not changed ?
What will be an ideal response?
say that their recipes are sacred, unchanging documents, fuels a sense of nostalgia
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According to Project GLOBE, ________ refers to the degree to which individuals in organizations or societies encourage and reward individuals for fairness, altruism, generosity, caring, and kindness toward others
A) institutional collectivism B) in-group collectivism C) humane orientation D) performance orientation
Which of the following statements does NOT apply to the North American Industry Classification System (NAICS)?
A) NAICS is a numerical coding of industries developed by NAFTA countries. B) NAICS can be used by firms to assess potential markets. C) NAICS replaced the Standard Industrial Classification (SIC) system. D) NAICS can be used to find new customers. E) NAICS is a consumer buying directory for North America.
A voucher system is a set of procedures and approvals:
A. Used almost exclusively by small companies. B. Used to ensure that the company sells on credit only to creditworthy customers. C. Designed to eliminate the need for subsidiary ledgers. D. Designed to determine if the company is operating profitably. E. Designed to control cash payments and the acceptance of liabilities.
Equipment with a cost of $60,000 is sold for $5,000 . Assuming accumulated depreciation of $55,000, how much of a gain or loss is recorded on the sale of the equipment for financial reporting purposes?
a. $5,000 gain b. Need more information to calculate gain or loss. c. $0 d. $5,000 loss