The Following Transactions Represent Part of the Activities of Tea

question 115

Essay

The following transactions represent part of the activities of Tea Party Company for the first month of its existence. Indicate the effect of each transaction upon the total assets of the business by one of the following phrases: increased total assets decreased total assets or no change in total assets.
(a) The owner invested cash to start the business.
(b) Purchased a computer for cash.
(c) Purchased office equipment with money borrowed from the bank.
(d) Paid the first month's utility bill.
(e) Collected an accounts receivable.
(f) Owner withdrew cash from the business.

Understand the economic and market factors influencing gold prices.

Understand the concept and importance of corporate social responsibility (CSR) in modern business practices.

Recognize the different views and models of CSR, including the classical, socio-economic, and shared value views.

Identify the components of the triple bottom line in assessing organizational performance.

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Definitions:

Behavioural

Pertaining to the actions or reactions of a person or animal in response to external or internal stimuli.

Humanistic

Pertaining to an approach in psychology that emphasizes individual choice and potential, focusing on the human capacity for growth and self-actualization.

Personality Traits

Enduring characteristics or behaviors that define an individual's patterns of thought, feeling, and behavior.

Monogenetically

Referring to a genetic condition or trait that is determined by a single gene.