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3 years ago

Is it possible for companies both to maximize financial value and to be socially responsible? Explain.

Business

1 answer:

Amiraneli [1.4K]3 years ago

3 0

Answer:

This question is about Corporate Social Responsibility (CSR), which is basically being socially responsible (with the employees, community, environment, etc.) and at the same time trying to maximize the financial value of a company (which is a duty to shareholders).

It might be easier for some companies, e.g. service providers, while much harder for mining companies (and other extracting companies). But it doesn't meant that all companies should try their best to do it.

Some companies even benefit from being socially responsible and increase their income through higher sales, e.g. Ben and Jerry's actually increased their sales of ice cream by focusing on CSR.

Even small businesses can benefit from CSR since it increases customer awareness and loyalty, and that can lead to higher sales. E.g. the public image of local businesses that help to finance certain community services improves and that eventually leads to higher sales.

Customers tend to favor companies that they consider to be socially responsible, and if they have to decide between purchasing from a socially responsible company or from another that isn't, they will generally purchase form the socially responsible one.

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Assuming that you’re recording the transactions on the first page of the journal, the page entry at the top right side of the jo

OverLord2011 [107]

The page entry at the top right side of the journal should be <span>J1.

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3 years ago

The price at which a stock can be sold depends upon a number of factors. Which statement below is notone of those factors?

Juli2301 [7.4K]

Answer:

The answer is C. How high the par value

Explanation:

Par value is sometimes called as the nominal value or face value. What it means is that it is the value given through an initial valuation and the Par value is not set by the "supply and demand" in the market. Because of this, It has a very little impact on the market price of a Share.

However, when it comes to Corporate bonds and fixed-income instruments, par value becomes important as it is considered in calculating the maturity time and the interest rates.

5 0

3 years ago

Steve manages product design and development at a toy company. The junior managers who report to him tell him that new complemen

natima [27]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) He should consult lawyers about the possibility of suing for copyright infringement.

b) If the industry barriers to entry are low, he doesn't need to do anything.

c) He needs to find out if his company as well as other companies can provide the complements.

d) If the industry barriers to entry are high, he doesn't need to do anything.

And the correct answer is the option C

Explanation:

To begin with, the fact that Steve is the manager in charge of the product design and development at a toy company indicates that he has to be very open minded when new complementors arrive to the market so that he and his team could use their imagination to have an storm idea and try to implement them as good as they can so a perfect new toy will be produced in his company. Therefore that at first sight he should look up the fact that if they could use and provide those complements so that a plan to do that will start taking form in the team, otherwise if they could not provide those complementors then the joy for those arrivals will be for nothing.

7 0

3 years ago

A mandate is an informal order that is given by a higher authority to suggest change. Please select the best answer from the cho

larisa86 [58]

The answer is false.
A mandate is a formal order that is given by a higher authority to suggest change. As described in oxford's dictionary, mandate is an official order or commission to do something.

6 0

4 years ago

Homework American Corporation has the following financial information.

zavuch27 [327]

Answer:

A. Cash = 21% increase, A/R = 22% increase, Inventory = 17% decrease.

Explanation:

A base year can be described as a year that is used as a reference year for comparison with other years.

To calculate the percentage increase/decrease of each current asset amount of Homework American Corporation, the following formula is used suing Year 1 as the base year.

Percentage increase/decrease = [(Year 2 amount - Year 1 Amount) / Year 1 Amount] * 100 .............................. (1)

Using equation (1), we have:

Percentage increase/decrease in Cash = [($245.90 - $202.95) / $202.95] * 100 = [$42.95 / $202.95] * 100 = 0.21 * 100 = 21% increase

Percentage increase/decrease in Accounts Receivable (A/R) = [($485.34 - $398.02) / $398.02] * 100 = [$87.32 / $398.02] * 100 = 0.22 * 100 = 22% increase

Percentage increase/decrease in Inventory (A/R) = [($648.54 - $785.12) / $785.12] * 100 = [-$136.58 / $785.12] * 100 = -0.17 * 100 = 17%

Based on the calculations above, the correct option is e. A. Cash = 21% increase, A/R = 22% increase, Inventory = 17% decrease.

4 0

4 years ago