Which of the Following Is an Example of Using Social

question 44

Multiple Choice

Which of the following is an example of using social capital to help grow a company?

• A)The HR manager of a company hires new employees to staff a project that will increase revenue by 25%.
• B)The CFO of a company increases the budget of the research and development department so they can create a product that will triple profits in 18 months.
• C)The CTO of a company leads a software engineering team in developing an internal system that will cut corporate expenses by 12% in the first year alone.
• D)The Sales Director of a company institutes a policy requiring all new salespeople to train with a senior salesperson for six months before going out into the field alone.
• E)The CEO of a company asks a friend in the automotive industry to cut a company-wide discount on corporately-leased vehicles that saves the company $500,000 a year.

Understand the role of public relations in crisis management and the importance of positive representation.

Comprehend the importance of community engagement and promoting volunteer efforts in enhancing organizational image.

Recognize the benefits and challenges of promoting tourism, including strategies for increasing tourism in specific regions.

Understand the ethical considerations and the role of public relations in the sports industry, including response to scandals and athlete endorsements.

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Definitions:

Natural Rate

The level of economic activity or output at which the economy operates without causing inflation to accelerate, often associated with unemployment or interest rates.

Inflation Expectations

The rate at which people expect prices to increase over a period, influencing their economic behavior.

Long-Run Average Unemployment Rate

The unemployment rate that is expected to prevail in the long-term, factoring in the natural movement of the workforce in and out of jobs.

Market Power of Unions

The capacity of labor unions to influence wages, working conditions, and employment levels through collective bargaining.