An Academic Question (Scenario)As a university student your institution's social principles and practices reflect on you as a stakeholder in the organization. Therefore, it is your right to question how some of these practices should be evaluated in relation to the social issues that the school is addressing. If your university was paying minimum wage when necessary and applying the minimum legal standards to its employees' work environment, it would be said to have fulfilled its ________.
A. social obligation
B. social responsibility
C. social responsiveness
D. social expectation
Answer: A
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Discussing the advantages and disadvantages between items uses what type of organizational format?
A) Category B) Chronology C) Comparison D) Importance E) Sequence
Sid burned his own warehouse in an attempt to collect on a fire insurance policy. Sid has committed
a. arson since he maliciously used fire to damage or destroy personal property. b. larceny since he committed an act intended to wrongfully obtain money from his insurance company. c. a crime called "burning to defraud insurers" since the crime of arson only applies to property owned by another person. d. an intentional tort, but not a crime since a person has a right to destroy his own property.
The most common tactic followed in process-layout planning is to arrange departments or work centers so they:
A) minimize the cost of skilled labor. B) maximize the machine utilization. C) are equally allocated within the available space. D) minimize the costs of material handling. E) produce a perfectly balanced assembly line.
Which of the following is the correct formula to calculate the target cost?
A) Target Cost = Target Sales Price + Desired Profit B) Target Cost = Target Sales Price - Desired Profit C) Target Cost = Target Sales Price D) Target Cost = Desired Profit + Research and Development Expenses