Discuss the challenges of implementing CSR in small businesses.
What will be an ideal response?
Entrepreneurs do not have time to devote to it as they are confronting the daily demands of their
businesses. The expenses associated with obtaining the resources necessary, including consultants and
employee time, may be beyond the means of a small business. There is likely a lack of knowledge of CSR
planning and monitoring methodologies, as resources relevant to small businesses are not readily
available.
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Concerning the management of foreign exchange risk, some business firms do not hedge at all either because they cannot determine how much money will be coming in from abroad or because they have a deliberate strategy of allowing currencies to balance each other out around the world.
a. True b. False
Suppose you buy an inflation-indexed bond that will adjust with inflation and thus pay you $1,500 in real (inflation-adjusted) terms each year for the next five years, plus your real principal of $75,000 at the end of the fifth year. The nominal interest rate is 5 percent and the expected inflation rate is 3 percent. What is the present value of the bond? (Round off your answer to the nearest thousand dollars and pick the answer closest to the one you calculate.)
A. $65,000 B. $70,000 C. $74,000 D. $75,000
The Chuck Company purchased a truck on January 1, 2016. The truck cost $106,000 and was expected to have a residual value of $14,000 at the end of 2018. Chuck uses the 150%-declining-balance depreciation method. What amount of depreciation should Chuck record on the truck in 2016?
A) $53,000 B) $30,667 C) $35,333 D) $46,000
What is automation and why is it used?