Enlightened self-interest, an important justification offered for corporate social responsibility (CSR), presumes that:
A. profits are independent of ethics.
B. good ethics can also be good business.
C. measurement of bottom-line impact of ethical decision making is unimportant.
D. bottom-line impact of ethical decision making can be measured and compared.
Answer: B
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Answer the following statements true (T) or false (F)
1. There are profitable businesses which end up in bankruptcy. 2. Profit and cash flow are the same in accounting. 3. At the beginning, you should be willing to give credit to any client as you are just starting out. 4. Invoicing the customer should be made only when the customer confirms the receipt of the product. 5. The cash flow cycle describes the various activities undertaken by a venture to produce cash inflow.
The IMC communication process includes all of the following except
A. evaluation. B. the receiver. C. the communication channel. D. the sender. E. the transmitter.
An organization chart reveals
A. staff accountability. B. committee assignments. C. informal authority. D. detailed duties of each manager. E. the company's organizational structure.
Nissley Wedding Fantasy Corporation makes very elaborate wedding cakes to order. The owner of the company has provided the following data concerning the activity rates in its activity-based costing system:Activity Cost Pools Activity RateSize-related$1.13per guestComplexity-related 28.22per tierOrder-related$74.72per orderThe measure of activity for the size-related activity cost pool is the number of planned guests at the wedding reception. The greater the number of guests, the larger the cake. The measure of complexity is the number of tiers in the cake. The activity measure for the order-related cost pool is the number of orders. (Each wedding involves one order.) The activity rates include the costs of raw ingredients such as flour, sugar, eggs, and shortening. The activity rates do
not include the costs of purchased decorations such as miniature statues and wedding bells, which are accounted for separately.Data concerning two recent orders appear below: Tijerina WeddingTwersky WeddingNumber of reception guests 49 126Number of tiers on the cake 2 4Cost of purchased decorations for cake$28.60$54.64Assuming that all of the costs listed above are avoidable costs in the event that an order is turned down, what amount would the company have to charge for the Tijerina wedding cake to just break even? A. $260.31 B. $28.60 C. $74.72 D. $215.13