Businesses Have Which of the Following Responsibilities to Their Customers

question 128

Multiple Choice

Businesses have which of the following responsibilities to their customers?

• A)The right of choosing the products they buy and use
• B)Properly managing a diverse workforce
• C)Reducing packaging,reusing material,and recycling when possible
• D)Earning a profit while being socially responsible

Identify factors influencing the classification of transactions as relating to principal or income of an estate or trust.

Understand the tax implications of estate administration, including the calculation of taxable estates.

Understand the principles of inventory management and cost methods.

Calculate the cost of ending inventory using different cost methods (specific identification, LIFO, FIFO, and weighted average).

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Definitions:

Autocratic

A form of leadership or governance where one person has absolute power without any democratic input or checks.

Community

A group of people living in the same place or sharing a particular characteristic, interest, or goal, which binds them together.

Organization

An entity comprising multiple people, such as an association or institution, structured to achieve specific goals.

Group

A collection of individuals who interact with each other, share similar characteristics, and collectively have a sense of unity or identity.