Describe the pyramid of corporate social responsibility and include a description of its components
What will be an ideal response?
ANSWER: The pyramid of corporate social responsibility portrays four kinds of responsibility: economic, legal, ethical, and philanthropic. Economic performance is the foundation for the structure, because if the company does not make a profit, then the other three responsibilities are moot. While maintaining a profit, business is expected to obey the law, do what is ethically right, and be a good corporate citizen. (1) Philanthropic responsibilities are to be a good corporate citizen, contribute resources to the community, and improve the quality of life.(2) Ethical responsibilities are to be ethical; to do what is right, just, and fair; and to avoid harm.(3) Legal responsibilities are to obey the law, which is society's codification of right and wrong, and play by the rules of the game.(4) Economic responsibilities are to be profitable; because profit is the foundation on which all other responsibilities rest.
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The Lauren Company's payroll summary showed the following in November: Sales department salaries $10,000 Supervisor salaries 20,000 Assembly workers' wages 45,000 Machine operators' wages 35,000 Maintenance workers' wages 15,000 Accounting department salaries 5,000 What amount would be included in direct labor in November?
a. $25,000 b. $80,000 c. $45,000 d. $140,000
A net profit margin of 18.2% means that the company used 81.8 cents of each sales dollar to cover costs and expenses.
Answer the following statement true (T) or false (F)
Identify an accurate statement about Generation Z.
A. They believe that jobs should have a greater meaning than just earning a paycheck. B. They make up the highest percent of the workforce in the United States. C. They were born immediately after the silent generation. D. They lacked the technology of the baby-boom generation.
Which of the following best completes the sentence, ‘Most commonly, tactics rely upon ______ as the social object with which the audience can engage.’?
a. Purchase intent. b. Experience. c. Content. d. Channel plan. e. None of these.