Which of the following is a feature of the study of the legal environment of business?
A) It is arbitrary and capricious.
B) It involves theoretical legal problems.
C) It excludes ethical considerations.
D) It is interdisciplinary.
D
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Which of the following is true of comprehensive income?
A) All items included in comprehensive income enter into the determination of net income. B) Dividend payments are not included in the determination of comprehensive income, even though it results in a decrease in total stockholders' equity. C) Comprehensive income includes company changes in total stockholders' equity from all sources, including owners' investments. D) Comprehensive income cannot be combined with a traditional income statement into a combined statement of comprehensive income.
A business focusing on increasing the efficiency of its operations is more directly addressing:
A) volume flexibility. B) variety. C) consistent quality. D) low-cost.