Actions like purchasing energy from wind farms and choosing suppliers that are ecologically friendly to balance out the necessary carbon dioxide produced in other stages of manufacturing are examples of how socially responsible practices can threaten
the profitability of a company. Indicate whether the statement is true or false
FALSE
Explanation: Actions like purchasing energy from wind farms and choosing suppliers that are ecologically friendly to balance out the necessary carbon dioxide produced in other stages of manufacturing are examples of the benefits of doing business in a socially responsible way.
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An LLC has the power to own property in its own name
Indicate whether the statement is true or false
A manufacturer of breakfast cereal is concerned about corn prices. The firm anticipates needing 1 million bushels of corn in one month. The current price of corn is $6.50 per bushel and the futures price for delivery in one month is $7.00 per bushel
The cost to store the corn for 1 month is $100,000. What should the firm do? A) Hedge with futures for a total cost of $7,000,000. B) Hedge with futures for a total cost of $6,900,000. C) Buy the corn now and store for 1 month, for a total cost of $6,500,000. D) Buy the corn now and store for 1 month, for a total cost of $6,600,000.