Twice as Warm ?sells gloves, hats, and scarves. With every purchase, the company donates a new clothing item to a person in need in an effort to "spread warmth" to communities around the world. Twice as Warm's efforts indicate:
A) ?the company believes the government is responsible for solving social issues.
B) ?the company believes their social obligations are met through the basic functioning of the business.
C) ?the company believes their responsibility is to produce quality goods, earn a profit, and provide jobs.
D) ?the company believes they have a responsibility to have a positive impact on society.
E) ?the company believes they have a responsibility to produce and market profitable products that society needs.
D
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Lite-Mart, a C corporation, had a beginning credit balance in its warranty reserve account of $120,000. During the year, Lite-Mart accrued estimated warranty expense of $16,000. At the end of the year, Lite-Mart's warranty reserve had a $90,000 credit balance. What amount of warranty expense should Lite-Mart deduct?
a. $46,000 b. $30,000 c. $16,00 d. $14,000
As organizations are made up of subsystems, an OD practitioner can consider independently the subelements of the organization
Indicate whether the statement is true or false