Data must be collected about three facets of each business activity. What are they?
A) the business activity, the resources it affects, the people who participate
B) the business activity, the transactions it creates, the impact on the financial statements
C) the inputs, outputs and processes used
D) who is involved, what was sold, how much was paid
A
Business
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Identify the ethical principle that states that managers are responsible for the consequences when they create situations leading to both good and evil effects.
A. The principle of proportionality B. The principle of justice C. The principle of utility D. The principle of equal freedom
Business
________ are intermediaries that facilitate the exchange of products but do not take title to anything they sell
A) Wholesalers B) Retailers C) Independent intermediaries D) Merchants E) Agents
Business