In the context of determinants of civil society,__________involves the voluntary acceptance of standards established by nongovernmental entities
Fill in the blanks with correct word.
ANSWER: self-regulation
Self-regulation involves the voluntary acceptance of standards established by nongovernmental entities, such as the American Association of Advertising Agencies (AAAA) or the National Association of Manufacturers.
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An adjusted trial balance of Woods Company as of December 31, 2017 is given below. Prepare a multi-step income statement for the year for the company
Debit Credit Cash $15,000 Accounts Receivable 42,000 Merchandise Inventory 60,000 Supplies 15,000 Land 300,000 Accounts Payable $3,000 Notes Payable 25,000 Common Stock 300,000 Retained Earnings 26,000 Dividends 3,000 Sales Revenue 480,000 Sales Returns and Allowances 6,000 Sales Discounts 9,000 Cost of Goods Sold 240,000 Salaries Expense 15,000 Utilities Expense 69,000 Rent Expense 54,000 Interest Expense 6,000 _______ Totals $834,000 $834,000 What will be an ideal response
If a manufacturer produces a defective product, sells it to a wholesaler, who sells it to a retailer,
who sells it to a consumer who is injured, which parties in the chain of distribution are potentially liable under strict liability? A) Only the retailer B) Only the party at fault C) Only the manufacturer and wholesaler D) Only the manufacturer E) The manufacturer, wholesaler, and retailer