The Following Are Some of the Reasons for Which Firms

question 33

Multiple Choice

The following are some of the reasons for which firms are concerned with the public's attitudes EXCEPT:

• A) firms regularly change their positioning
• B) no one wants to be perceived as bad citizen
• C) negative attitudes carry over to employee moral
• D) firms exist in communities where their employees work and live

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Definitions:

Remote Contingent Liability

A potential liability that is considered unlikely to occur and thus is not recorded in financial statements but may be disclosed in the notes.

Disclose Only

A policy or requirement of revealing information without necessitating additional actions or changes based on the disclosure.

Note Issuance

The process of creating and distributing promissory notes, which are written promises to pay a specified sum of money at a future date.

Note Maturity

Note maturity is the date on which the principal amount of a promissory note, bond, or other debt instrument becomes due and payable.