Social Responsiveness Can Be Defined as ________

question 24

Multiple Choice

Social responsiveness can be defined as ________.

• A)the speed at which an organization adapts to the changing societal culture
• B)an organization's effectiveness in abiding by the laws of society
• C)the degree of effectiveness and efficiency with which an organization fulfills its stockholders' needs while benefitting the stakeholders
• D)the degree of effectiveness and efficiency an organization displays in pursuing its social responsibilities
• E)the degree of effectiveness with which an organization can predict the changes in a society,such as the consumers changing preferences

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Definitions:

Job-Order Costing

An accounting method that assigns costs to specific jobs or batches, used in industries where goods or services are produced on a custom basis.

Process Costing

An accounting methodology that traces and accumulates direct costs, and allocates indirect costs, of a manufacturing process. Costs are assigned to products, usually in a large batch, which might include an entire month's production.

Job-Order Costing

A costing method used in manufacturing, where costs are assigned to specific jobs or batches, ideal for customized orders.

Custom Jewelry

Jewelry pieces that are specially designed and crafted according to the specifications provided by a customer.