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

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Definitions:

Variable Manufacturing Costs

Costs in manufacturing that vary with the level of production output, including direct labor, materials, and utilities.

Direct Labor

The labor costs directly associated with the manufacture of products, typically wages for workers who physically produce the goods.

Net Present Value

The difference between the present value of cash inflows and outflows over a period of time, used in capital budgeting to assess the profitability of an investment.

Cost of Capital

The required return necessary to make a capital budgeting project, such as building a new plant, worthwhile.