In the context of institutions and corporate social responsibility (CSR), which of the following is true of the firms that adopt a proactive strategy?

A. They will adopt code of conduct simply as window dressing.
B. They share limited top management involvement and a general attitude that corporate social responsibility (CSR) is an added cost.
C. They view corporate social responsibility (CSR) as a source of differentiation that permeates throughout the corporate DNA.
D. They do not feel compelled to act in the absence of disasters and outcries.


Answer: C

Business

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Which of the following may be done as corrective action in the control process?

A. establish standards B. renew standards C. compare performance to standards D. align processes with goals E. evaluate performance and take action

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Market segmentation produces relatively homogenous groups of consumers called

A. consumer targets. B. consumer clusters. C. market segments. D. consumer segments. E. market sectors.

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What is the optimal order quantity for Kushie's Coffee?

Kushie's Coffee in Bangalore is a quaint establishment nestled near MG Road in the central business district. It serves coffee and fruit cake to a clientele that has been enjoying these products for over fifty years. The demand for coffee beans is 6600 cases per year (each case has 24 ten-pound bags). It would be disastrous for them to run out of coffee, so they keep a safety stock of 30 cases. The cases cost $4800 and it costs $5 per case to order coffee. As coffee is a perishable product, the holding cost is fairly high at $40/case/year. The lead time to receive an order is seven days. Kushie's is open 300 days a year.

Business

The supplier offers the Krewe of Orpheus a deal; if they will buy at least 50,000 at a time, they will pay only 4.9 cents each, and if they buy at least 100,000 at a time, they will pay only 4.8 cents each. What is the total cost of the optimal order quan

The Krewe of Orpheus maintains a supply of swizzle sticks for events throughout the year. Demand for swizzle sticks is shockingly low, a quick check of krewe records from last year reveals that they used only 585,000, but the krewe president believes that they should be good stewards of what they have, so they seek to manage this inventory using the EOQ policy, although they prefer to refer to it as an EOKrewe policy for obvious reasons. Swizzle sticks are not expensive items, they cost a nickel apiece largely due to the club logo printed on each one. This also serves to increase the lead time as they can't be obtained from a standard restaurant supply house. Instead, they must be ordered with an eye towards the six day lead time. It costs $15 to place an order, most of this cost is a result of explaining the meaning of "Laissez les bons temps rouler" and why it should be printed on the edge of each swizzle stick. Holding cost is 20% of purchase price. A) $29,668.93 B) $28,822.32 C) $28,647.75 D) $29,085.50

Business