UPS Seeks More Than Just Sales and Profits

question 64

Short Answer

UPS seeks more than just sales and profits.Its three-pronged corporate sustainability mission stresses economic prosperity,social responsibility,and environmental stewardship.UPS applies the ________ philosophy.

Understand the concept and importance of the accrual basis of accounting versus the cash basis.

Calculate and interpret the profit margin and its relevance in business decisions.

Execute and understand the necessity of adjusting entries for prepaid expenses, unearned revenues, depreciation, and accrued expenses.

Identify the effects of not recording adjusting entries on financial statements.

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Definitions:

External Locus

The belief that one's outcomes are due to external forces or circumstances beyond one's control.

Virtual Team

A group of individuals who work together from different geographic locations, using technology to communicate and collaborate.

Skype

A telecommunications application software that provides video chat and voice call services, along with messaging and file sharing features over the internet.

Operating System

Software that manages computer hardware, software resources, and provides common services for computer programs.