Corporate social responsibility means taking personal responsibility to always respect and protect the interests of society at large.

If an industry evolves from oligopoly to monopolistic competition, we would expect

A) the four-firm concentration ratio to increase.
B) the four-firm concentration ratio to decrease.
C) the four-firm concentration ratio to remain the same.
D) barriers to entry to strengthen.

Which of the following is prepared first?

A) Balance Sheet
B) Income Statement
C) Statement of Owner's Equity
D) Trial Balance

Which of the following is an example of an ethical dilemma?

A) Martha, who had filed in her personal details that she was an American, is hired as a receptionist despite some of her co-workers apprehension about her racial identity.
B) Wanda, an employee at a real estate firm, files a sexual harassment case against her manager despite his repeated apologies.
C) Steward, an engineer, gives his office laptop to his daughter as a birthday gift.
D) Vince, a government employee, knows that he should not accept bribes, but is tempted to take the money to save a sick kid.
E) Clara fires half of her employees so as to decrease the cost of inputs of her company.

Balance entered in wrong trial balance column or omitted.
A)Trial balance preparation errors
B)Account balance errors
C)Posting errors

The point at which total cost equals total revenue and the business is neither making nor losing money is known as ______.

A) the profit area
B) the loss area
C) the breakeven point
D) the profit point