The realization that business ultimately helps itself by helping to solve societal problems defines

A) profit-motivation.
B) corporate philanthropy.
C) enlightened self-interest.
D) social-motivation.
E) ethics.

Your firm receives 30 cheques from customers on an average day. These cheques, on average, are worth $45 each, and are processed and clear the bank in 5 days. In addition, your firm mails out 20 cheques a day with an average amount of $42. These cheques clear your bank in 4 days. What is the average amount of the collection float?

A) $3,360
B) $3,390
C) $6,750
D) $7,240
E) $10,110

Which of the following committees of a board of directors reviews and approves salaries of high-level corporate executives?

A) Executive committee
B) Compensation committee
C) Nominating committee
D) Audit committee

Minority passive investments of less than 20% of the voting stock shares are classified as either trading securities or available-for-sale securities.

Because a franchisor's termination of a franchise can adversely affect a franchisee, much franchise litigation involves claims of wrongful termination.

Overhead can be applied to products using one of three different methods: single plantwide rate, multiple production department rates, and activity-based costing.