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Shtirlitz [24]
3 years ago
13

According to the economic model of corporate social responsibility, the sole duty of a business is to: A. go beyond legal respon

sibilities to cater to the needs of the society.B. fulfill the economic functions that it was designed to serve.C. think beyond economic ends that have to be met to help the society.D. analyze the defects in society and design products to overcome these defects.
Business
1 answer:
Aleksandr-060686 [28]3 years ago
6 0

Answer:

The correct answer is (b)

Explanation:

The corporate social responsibility helps to highlight the basic purpose, the role of an organisation or firm towards its shareholders, society and public. The basic role of a business is to provide goods and services to the public that is their economics function. According to CSR, a business must fulfil all the economic functions they were supposed to do.

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The Chambers Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,748 at
notsponge [240]

Answer:

B) $2,86

Explanation:

Using the high-low method we will use the highest activity level and the lowest activity level to determine the variable and fixed portion of the costs.

Highest activity - Cost $ 14182  Hours - 4200

Lowest activity - Cost $ (8748)   Hours - (2300)

Difference        -            $ 5434                 1900

Now we determine the variable portion. 5434/1900 = 2,86

Thus the answer is B.

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3 years ago
When short-term investments appear in the balance sheet at their current market values, it is an exception to the ______ princip
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Cost Principle, 
<span>requires that assets be recorded at the cash amount (or its equivalent) at the time that an asset is acquired.</span>
5 0
3 years ago
Read 2 more answers
list four strategies that individuals, families, businesses, and government apply when making financial decisions.
Agata [3.3K]

While making financial decision one should keep in mind the Cost-benefit analysis, marginal analysis, trade-offs, and opportunity costs.

<h3>What are the strategies for making better fianancial decision?</h3>

The success of your firm will depend on the wiser financial decisions you make, among other things. Financial errors can have devastating repercussions and seriously ruin your business venture. You must be familiar with your company's financial data in order to develop stronger financial decision-making techniques.

1. Consistently Use Reliable Accounts

2. Invest in financial education

3. Regularly compare cash flow forecasts to actuals

4. Ensure That Major Initiatives' Financial Impact Is Always Calculated

5. Have Your Team Participate In Decision-Making

6. Consistently monitor financial performance

Learn more about the Business finance with the help of the given link:

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6 0
2 years ago
Brand socialization is a measure of how effectively ______. a. a company’s brand reinforces a positive relationship between the
oee [108]

Answer: Option (B)

Explanation:

From the given options we can state that , option (B) is correct. Brand socialization  is referred to as or known as the measure or scale of how effectively an organization or a company tends to engage with its several or various stakeholders which are mostly online and act in mutual profitable and beneficial exchange of data and information.

5 0
4 years ago
Competitors who sell similar products using similar marketing plans are known as
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Answer:

Strategic Groups of Competitors

Explanation:

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4 years ago
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