This Is a 1977 Code of Conduct That Required Multinational

question 45

Multiple Choice

This is a 1977 code of conduct that required multinational corporations in South Africa to do business in a nondiscriminatory way.

• A) The MacBride Principles
• B) The Equator Principles
• C) The CERES Principles
• D) The Sullivan Principles

Apply flexible budget principles to forecast costs and income under varying production levels.

Understand the relationship between fixed costs, variable costs, and production volume in financial planning.

Understand and calculate direct labor efficiency variance.

Calculate and analyze direct labor rate variance.

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Definitions:

Selling Agent

An individual or entity that represents sellers in transactions, responsible for finding buyers and negotiating sales on behalf of their clients.

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Greeting Cards are illustrated pieces of card stock or high-quality paper featuring expressions of friendship or other sentiments, traditionally given on special occasions or as a form of thoughtful communication.

Product Strategy

The plan a business follows to make its product successful, including decisions on design, features, pricing, and target markets.

Humanistic Psychology

The approach to personality that emphasizes aspects of psychology that are distinctly human. Closely related to the phenomenological approach and existentialism.