Discuss why Business Ethics and Social Responsibility should be important guiding principles for organizations.
What will be an ideal response?
Business ethics are sets of guiding principles that influence the way individuals and organizations behave within the society in which they operate. Corporate social responsibility (CSR) is a form of ethical behavior that requires that organizations understand, identify, and eliminate unethical economic, environmental, and social behaviors. Using Business Ethics and Social Responsibility as guiding principles, business can make the world a better place by alleviating poverty and improving environmental performance.
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It can be expected that companies selling perishable goods have a higher inventory turnover than companies selling nonperishable goods.
Answer the following statement true (T) or false (F)
Figure 4-4In Figure 4-4 above, D represents the ________ influences that can affect the consumer purchase decision process.
A. marketing mix B. psychological C. situational D. economic E. sociocultural
A continuous budget is prepared by adding a new budget month as each month expires
Indicate whether the statement is true or false
In the forward market hedge example in the book, the exporter Nucor would deliver the euro it receives from the Spanish importer in return for US dollars from the other party to the forward contract. Hence, Nucor is in a covered position.
Answer the following statement true (T) or false (F)