Describe the three levels of corporate social responsibility available to organizations.
What will be an ideal response?
Legal CSR focuses on maximizing profits while obeying the law; it focuses on increasing sales and cutting costs to maximize returns to stockholders. In dealing with market stakeholders, these firms meet all of their legal responsibilities. In dealing with nonmarket stakeholders (society and government), they obey all the laws and regulations.
Ethical CSR focuses on profitability and doing what is right, just, and fair. These companies meet reasonable societal expectations and exceed government laws and regulations to be just and fair to stakeholders.
Benevolent CSR focuses on profitability and helping society through philanthropy. This highest level of CSR is also called “good corporate citizenship.” Benevolent firms are philanthropic, giving gifts of money, or other resources, to charitable causes. Employees are expected, encouraged, and rewarded for being active volunteers in the community, often on company time.
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During March, Department A started 300,000 units of product in a particular production process. The beginning work in process inventory was 50,000 units, and the ending inventory was 40,000 units. Direct materials are introduced at the start of processing, and beginning and ending inventories are considered to be 40 percent complete with respect to conversion costs. Department A uses the FIFO
costing method. Units transferred out during March were a. 310,000. b. 290,000. c. 320,000. d. 350,000.
A marketing plan created for an end-user most likely addresses:
A. the business proposition. B. the features, advantages, and benefits of the product. C. how a reseller will sell the product once purchased. D. how the product can be used. E. forecasted profit and ROI.
The utilitarian tradition relies on ________ for deciding on the ethical legitimacy of alternative decisions.
A. social sciences B. experience C. variable analysis D. intuition
Antitrust, bankruptcy, patent and copyright cases can be heard by state courts
Indicate whether the statement is true or false