By establishing Ronald McDonald Houses, temporary lodging for individuals with seriously ill family members, McDonald's has committed itself to more than just shareholder wealth maximization. The corporation's active role in improving societal conditions suggests that it is responsive to which of the following arguments?
A. Corporate resources should be devoted to maximizing profits, not to solving society's problems.
B. Individual businesses should not be responsible for solving problems that affect all of society.
C. Socially responsible actions by business firms increase the role of government in business.
D. Businesses are ill-equipped to handle today's complex social issues.
E. Social responsibility promotes environmental stability and long-run profitability.
Answer: E
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Bobbi and Stuart are partners. The partnership capital of Bobbi is $40,000 and Stuart is $70,000 . Bobbi sells his interest in the partnership to John for $50,000 . The journal entry to record the admission of John as a new partner would include
a. a credit to John's capital account for $40,000 b. a credit to Stuart's capital account for $10,000 c. a credit to John's capital account for $50,000 d. a credit to John's capital account for $40,000 and a credit to Stuart's capital account for $10,000
The ________ Act establishes a national fraud alert system so that consumers have a timely way to guard their credit.
What will be an ideal response?
Which of the following is an assumption of the regression model?
A) The errors are independent. B) The errors are not normally distributed. C) The errors have a standard deviation of zero. D) The errors have an irregular variance. E) The errors follow a cone pattern.
The Americans with Disabilities Act (ADA):
a. Prohibits employers from refusing to hire (or promote) disabled persons who are otherwise qualified for a particular position. b. Requires that an employer make a reasonable accommodation for a qualified disabled applicant, which might include creating or improving training materials and procedures. c. Allows employers, who do not wish to make an accommodation, to demonstrate that the accommodations will cause "undue hardship,"that is, impose a "significant difficulty or expense" on the employer. d. All of the above