What Is an Application of Corporate Responsibility

question 3

Multiple Choice

What is an application of corporate responsibility?

• A) Replacing plastic straws with paper straws
• B) Buying cheaper raw materials from overseas
• C) Replacing your laptop
• D) Buying a new cell phone
• E) Buying a new computer keyboard

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.

Capital

Assets of monetary value, like cash and merchandise, employed by a business for the creation of goods or services.

Cash

Currency and coins, plus bank balances, that are readily available for use in transactions and other financial operations.

Income Statement

A financial statement that shows a company's revenue and expenses over a particular period, illustrating how net income or net loss was achieved.