Which of the following are the opposing views of how large, publicly held corporations should approach social responsibility and ethics?
A. Business should behave ethically, focusing only on environmentalism.
B. Business should behave ethically, focusing exclusively on shareholders/investors.
C. Business should behave ethically, being responsible to all stakeholders.
D. Business should behave ethically, fulfilling a strategic mission.
Ans: C. Business should behave ethically, being responsible to all stakeholders.
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A business makes a cash payment of $12,000 to a supplier for supplies purchased two weeks earlier. Which of the following accounts is debited?
A) Cash B) Accounts Payable C) Supplies D) Accounts Receivable
Research has shown that people will work at the highest level when performance goals are:
A) general and easy to reach B) specific and difficult, yet realistic C) specific and exceptionally difficult D) general and somewhat difficult