Firms, Like Enron, That Ignore Their ______, Eventually Are Held

question 10

Multiple Choice

Firms, like Enron, that ignore their ______, eventually are held accountable for their actions.

• A)CSR threshold
• B)CSR reporting
• C)primary stakeholders
• D)executive accountability

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Definitions:

Profit Margin

A financial ratio that indicates the percentage of revenue that exceeds the costs of goods sold, showing how much profit is made on sales.

FIFO

Stands for "first in, first out," an inventory valuation method where the goods first added to inventory are the first ones to be sold.

Historical Cost

The original monetary value of an asset or transaction, without adjustment for inflation or other external factors over time.

Replacement Cost

The cost to replace an asset with another of similar function and quality at current prices.