Social enterprises are businesses that directly address
social need
Explanation:
Social enterprises are businesses that are created to address as social need directly and to create ways to defeat that need but also to create a smart and profitable business about it.
This is often done on terms of the sustainable goals of business that are pro ported by the UN now as the way for the truer to compromise to incorporate in to their business.
These practices try to be good for the society while also making money
Answer:
This is known as social responsibility.
Explanation:
Social responsibility is an ethical theory, in which individuals are accountable for fulfilling their civic duty; the actions of an individual must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment.
Answer:
3. Correctly ignored a sunk cost
Explanation:
Sunk costs refer to those costs which have been incurred in the past, which are non recoverable and which have no current or future benefits.
Sunk costs are considered as irrelevant for decision making process as they do not relate to current period and have no future implications. For example, research and development expenditure incurred in the past represents a sunk cost.
In the given case, the ticket for opera was already purchased for $100 which can now neither be recovered nor transferred. Thus this cost is irrelevant for decision making as expenditure has already been made. When Shen decided to go for a party instead of the concert, Shen has correctly ignored a sunk cost.
