Nike Came Under Fire from Critics Who Alleged Poor Working

question 23

Multiple Choice

Nike came under fire from critics who alleged poor working conditions in the factories that make the company's athletic shoes.This is an example of the demand for:

• A)labor unions.
• B)equal opportunity employment.
• C)higher wages.
• D)standards for working conditions.
• E)corporate social responsibility.

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Definitions:

Withdrawals

Amounts of money taken out from a business by its owner(s) for personal use.

Provision

An amount set aside in the accounts of a company to cover a future liability or decrease in the value of an asset.

Accounts Receivable

Liabilities of customers to a firm for provisions or merchandise that have been delivered but payment is outstanding.

Capital Balance

The amount recorded in a shareholder's or partner's equity account, reflecting their investment in the business.