Which of the following statements is true about the stakeholder theory of corporate social responsibility?
a. It states that companies should only focus on increasing shareholder wealth.
b. It states that social responsibility is best carried out by government agencies.
c. It states that a company owes a duty to be a good citizen in its community.
d. It states that employees and not the top management should be involved in corporate social responsibility.
ANSWER: c
Stakeholder theory says that social responsibility is paying attention to the interest of every affected stakeholder in every aspect of a firm's operation. The local community, through its government, grants the firm the right to build facilities. The firm is expected to be a good citizen by paying a fair wage, not polluting the environment, and so forth.
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Carlin Company, which uses net present value to analyze investments, requires a 10% minimum rate of return. A staff assistant recently calculated a $500,000 machine's net present value to be $86,400, excluding the impact of straight-line depreciation.FV of 1 (i=10%, n=5):1.611FV of a series of $1 cash flows (i=10%, n=5):6.105 PV of $1 (i=10%; n = 5): 0.621PV of a series of $1 cash flows (i=10%, n=5):3.791 If Carlin ignores income taxes and the machine is expected to have a five-year service life, the correct net present value of the machine would be:
A. $186,400. B. $292,700. C. $465,500. D. $(13,600). E. $86,400.
Cost of merchandise sold is the amount that the merchandising company pays for the merchandise it intends to sell
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1.Workplace safety deals with the physical protection of people from injury or illness while on the job. 2.Safety data sheets are documents that provide information on a hazardous chemical and its characteristics. 3.Employee assistance programs are a set of counseling and other services provided to employees that help them to resolve personal issues that may affect their work. 4.Workplace safety programs provide employers with high return on investment and help with productivity, absenteeism, and turnover. 5.Utilization is the science of fitting workplace conditions and job demands to the capabilities of the working population.
A matrix organizational structure is characterized by a combination of the ________ structure and ________ structure.
A. simple; divisional B. functional; divisional C. holding-company; divisional D. simple; functional