Which of the following could least be classified as a stakeholder of a local clothing retail business?
a. a person who buys clothes from the business
b. the owners of a restaurant across the street
c. a rival retail clothing business down the street
d. a person who receives a product of the company as a gift
b. the owners of a restaurant across the street
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Each of the following documents is used in the control of cash receipts except:
a. Cash register tapes b. Check lists or prelists c. Canceled checks from customers d. Bank deposit slips
Which of the following is an example of an application control for the purchases and payments business process?
A. The purchase order number is automatically assigned. B. The employee who receives supplier goods must not be the same employee who ordered the goods. C. Management approval is required for large purchases. D. Defective items should be returned to suppliers promptly.
According to the philosopher Norman Bowie, the contractual duty that managers have to stockholder-owners:
A. makes them feel obliged to perform social good and prevent harm to the society. B. overrides their responsibility to prevent harm or to do good. C. makes them focus on philanthropy. D. leads them to take environment-conscious managerial decisions.
A security agreement need not be in writing if the collateral is transferred to the secured party
Indicate whether the statement is true or false