Ralph Nadar Contributed to the Lack of Credibility of Corporations

question 9

Multiple Choice

Ralph Nadar contributed to the lack of credibility of corporations by exposing their:

• A)Excessive bonus schemes
• B)Greed
• C)Poor car safety
• D)Poor environmental record
• E)"Seller beware" attitude of toy manufacturers.

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Definitions:

Indirect Method

A approach used in cash flow statements to adjust net income for the effects of non-cash transactions and changes in working capital.

Operating Activities

Operating activities involve the primary revenue-generating activities of an organization, including production, sales, and delivery of the company’s product as well as administrative and general expenses.

Salaries Expense

The cost incurred by a business to pay its employees for services rendered during a specific period.

Unearned Revenues

Money received by a company for goods or services yet to be delivered or performed, recorded as a liability.