Many types of socially responsible actions can be consistent with a firms long

Many types of socially responsible actions can be

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22. Many types of socially responsible actions can be consistent with a firm’s long-term profit resulting in some degree of _____ being earned by such behavior. a. moneyb. respectc. goodwilld. management expertiseANS: C PTS: 1 DIF: Difficulty: ModerateREF: p. 40 OBJ: LO: 2-2b NAT: BUSPROG: EthicsSTA: DISC: Finance KEY: Bloom’s: Evaluation 23. A band who fails to record the cash they collected for admission to their shows could be charged with what illegal practice? 24. A person understating income or claiming personal expenses as business expenses is guilty of_____.
25. Skimming is an unethical business practice involving 26. Entrepreneurs often come up short on their tax commitments because of a single-minded focus on their product or service and/or _____. a. casual accounting systemsb. low-cost accounting softwarec. incompetent in-house accountantd. cash-basis accounting systemsANS: A PTS: 1 DIF: Difficulty: ModerateREF: p. 40 OBJ: LO: 2-2c NAT: BUSPROG: EthicsSTA: DISC: Finance KEY: Bloom’s: Knowledge 27. The type of tax most likely to be a problem for entrepreneurs is: 28. Damon landed his first contract as an entrepreneur then submitted to the local newspaper a news release that gave the impression this was just one of a series of contracts and that business was booming. Damon has:

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