Japanese, Chinese and Native American cultures are commonly considered low-context cultures

Answer the following statement(s) true (T) or false (F)

1. Being socially responsible means that a company must abandon it's other missions 2. Corporate Citizenship refers to a set of beliefs stating that socially responsible behavior is a good idea 3. Global corporate citizenship activities help companies create value, reputation, and competitive advantage 4. Enlightened self interest is the that the wealthiest members of society should be charitable 5. One of the most appealing arguments for CSR for business supporters is that voluntary social acts may head off government regulation

A voluntary change in accounting principle is accounted for by:

A. A cumulative effect on income in the year of the change. B. A retrospective reporting of all comparative financial statements shown. C. A prior period adjustment. D. A separate line component of income.