According to the economic model of corporate social responsibility (CSR), the sole social responsibility of a business is to:
A. go beyond legal responsibilities to cater to the needs of the society.
B. analyze the defects in society and design products to overcome these defects.
C. fulfill the economic functions that it was designed to serve.
D. think beyond economic ends that have to be met to help society.
Answer: C
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Total payroll for a given week is $12,000 . If 70 percent of the company's employees typically qualify to receive two weeks' paid vacation per year, assuming 50 working weeks, the entry to record the estimated liability for vacation pay for the week is:
a. Estimated Liability for Vacation Pay 840 Cash 840 b. Vacation Pay Expense 480 Cash 480 c. Vacation Pay Expense 336 Estimated Liability for Vacation Pay 336 d. Cash 168 Estimated Liability for Vacation Pay 168
In a job-shop process, processing requirements are different for each product because they ______.
A. contribute to economies of scale in production B. produce unique products in low volumes C. contribute to economies of scope in production D. facilitate continuous production
______________ are a reserve asset established by the IMF.
What will be an ideal response?
Which of the following theories argues that the group being regulated eventually comes to use the regulatory process to promote its own self-interest?
a. Lifecycle theory b. Agency theory c. Signalling theory d. Contracting theory