A Large Sporting Goods Chain Develops a Listing of Social

question 34

Multiple Choice

A large sporting goods chain develops a listing of social activities of the firm.This social report does not evaluate the effectiveness of these activities.This is an example of the _______approach to social auditing.

• A)inventory
• B)process
• C)program management
• D)social indicators
• E)None of the answers.

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Definitions:

Profit-maximizing Equilibrium

A state in which a firm achieves the highest possible profit, given its production costs and market conditions.

Appliance Manufacturer

A company that produces electrical machines and devices for domestic use.

Variable Resources

Inputs or factors of production that can be adjusted in the short term to meet changes in the level of output, such as labor and raw materials.

MRPs

Marginal revenue products, a measure of the additional revenue generated by employing an additional unit of a resource or factor of production.