Answer: Plainly put, extreme income inequality, such as the kind found in Sub-Saharan Africa and South Asia, cause economic inefficiency. The relatively wealthy tend to save a much higher proportion of their income than the poor. In order to grow economically, a society must have robust rates of consumption. However, if most of the wealth of a country is owned by a very small percentage of its population, that wealth is saved, not spent. These savings are then invested by individuals and financial institutions.
Explanation:
The term Social responsibility refers to a business's obligation to
maximize its positive impact and minimize its negative impact on society.
<h3>What is the role of social responsibility in Business?</h3>
- Social responsibility means that businesses, in addition to maximizing shareholder value, must act in a manner benefiting society, not just the bottom line.
- Social responsibility has become increasingly important to investors and consumers who seek investments that not only are profitable but also contribute to the welfare of society and the environment.
- While critics have traditionally argued that the basic nature of business does not consider society as a stakeholder, younger generations are embracing social responsibility and driving change.
<h3>Extra keywords for social responsibility:</h3>
- Social responsibility means that besides maximizing shareholder value, businesses should operate in a way that benefits society.
- Socially responsible companies should adopt policies that promote the well-being of society and the environment while lessening negative impacts on them.
- Companies can act responsibly in many ways, such as by promoting volunteering, making changes that benefit the environment, engaging in ethical labor practices, and engaging in charitable giving.
- Consumers are more actively looking to buy goods and services from socially responsible companies, hence impacting their profitability.
- Critics assert that practicing social responsibility is the opposite of why businesses exist.
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Answer:
A $3066000
Explanation:
The formula for cash received from customers is: opening receivables+net sales-closing receivables.
The rationale behind the formula is that opening receivables would have turned cash by year end since current asset last one year maximum.
=$241500+$3097500-$273000
=$3066000
<span>An SFB is a small finance bank. A small finance bank differs from a commercial bank in the objectives and services they offer. Small finance banks can only accept deposits and lend to people who typically won't be served by bigger commercial banks. This can include people like small time farmers, unorganized workers, and really small businesses, etc. SFB allowed means that whatever real estate company or person you're working with accepts the use of this bank.</span>
Answer:
Three cases are considered: First case is to construct a small factory, second is to construct a large factory and third is to do nothing.
Construct a Small Facility is the most suitable option from the business perspective which makes case 1 recommended.
Explanation:
Case 1 - Construct a small facility
Return = [P(High Demand) x Revenue in case of High Demand] + [P(Low Demand) x Revenue in case of Low Demand] - Cost of Setup
= [ 0.4 x 12 ] + [ 0.6 x 10 ] - 6 = $ 4.8 million
Case 2 - Construct a Large Facility
Return = [P(High Demand) x Revenue in case of High Demand] + [P(Low Demand) x Revenue in case of Low Demand] - Cost of Setup
= [0.4 x 14] + [0.6 x 10] - 9 = $ 2.6 million
Case 3 - Do Nothing
Return = 0
