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Juliette [100K]
4 years ago
15

Firms that are _______ recognize that including a strong social orientation in business is a sound strategy that is in the best

interest of both the firm and its customers.
1. production oriented2. profit driven3. transaction oriented4. sales oriented5. socially responsible
Business
1 answer:
ruslelena [56]4 years ago
6 0

Answer:

Socially responsible

Explanation:

The term social responsibility refers to give back to the society in which its operates. A firm being socially responsible means that it has an obligation to act for the benefit of society at large.

Being socially responsible helps both the society at large and also the firm. It helps the firm in the sense that it changes the orientation or give a good impression of the firm to the society and also helps the organisation to gain a bigger and larger customer base.

To the society, social responsibility of the a firm provides some basic needs that will improve the well being of the society.    

Example of social responsibility by firms may include, organizing seminars that helps the society to gain more knowledge about a particular phenomenal, construction of health care centers, roads and making  the environment more beautified.

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On January 1, a machine with a useful life of five years and a residual value of $80,000 was purchased for $240,000. What is the
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Answer:

$57,600

Explanation:

The computation of the depreciation expense under the Double-declining balance method is shown below:

First we have to find the depreciation rate which is shown below:

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Now the rate is double So, 40%

In year 1, the original cost is $240,000, so the depreciation is $96,000 after applying the 40% depreciation rate

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The $144,000 is come from

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