The major difference between consumerism and social responsibility is that consumerism is _____

a. based on legal issues, whereas social responsibility is based on moral issues
b. based on moral issues, whereas social responsibility is based on legal issues
c. concerned with an obligation to all parties, whereas social responsibility reflects an obligation to final consumers
d. concerned with an obligation only to consumers, whereas social responsibility reflects an obligation to all parties

d

Business

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Plant assets may properly include

a. deposits on machinery not yet received. b. idle equipment awaiting sale. c. land held for possible use as a future plant site. d. none of these.

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Confirmations would normally be most likely used as a type of audit evidence in connection with which of the following?

A) Goodwill. B) Deferred Taxes. C) Machinery and Equipment. D) Accounts Receivable.

Business