Common Property

question 14

Multiple Choice

Common property

• A)is owned by specific people.
• B)is inexhaustible.
• C)refers strictly to land resource.
• D)refers to goods "owned" by society at large and freely usable by anyone.

Understand the similarities between public relations and public diplomacy.

Familiarize with awards that recognize the role of U.S. businesses in international corporate citizenship.

Understand theories related to the shaping of international public opinion.

Describe the relationship between U.S. public diplomacy and corporate social responsibility activities of ACE award-winning businesses.

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Definitions:

U.S. GAAP

Generally Accepted Accounting Principles in the United States, a standard framework of guidelines for financial accounting used in any jurisdiction.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, presenting the financial results of its operations.

Journal Entry

A record in accounting that represents a transaction in which there has been a change in the value of the company's assets, liabilities, or equity.

Installation Costs

Expenses associated with setting up or installing equipment, machinery, or software, making them ready for use.