Which of the following is the most accurate statement about the impact of business on society? a. when businesses earn a profit for their owners, they usually do so at the expense of the restof society which proves it is never a win-win situation. b. while businesses often improve the standard of living within a society, they can do little to improve the quality of life. c. businesses often improve the quality of life, but can do little to improve the standard of living of most people due to inflation. d.businesses can have a positive impact on both the standard of living and the quality of life within a society.

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

Ski powder resort ends its fiscal year on april 30. the business adjusts its accounts monthly, but closes them only at year-end (april 30). the resort's busy season is from december 1 through march 31. adrian pride, the resort's chief financial officer, the museums a close watch on lift ticket revenue and cash. the balances of these accounts at the end of each of the last five months are as follows:

What are the weak points of economic costs that are part of a free enterprise economy?