In the Case of Corporate Social Responsibility,costs and Benefits Are

question 56

Multiple Choice

In the case of corporate social responsibility,costs and benefits are both ______ and ______.

• A) Social; political
• B) Ethical; discretionary
• C) Economic; social
• D) Political; ethical

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Definitions:

Continuous Improvement

An ongoing effort to improve products, services, or processes through incremental and breakthrough improvements.

Utilities

Expenses for basic services like electricity, water, and gas required for a business's operations.

Managerial Salaries

Compensation paid to individuals who are responsible for overseeing and directing the operations within a company or organization.

Overapplied

A situation in cost accounting where the allocated cost is greater than the actual cost, often requiring adjustment.