Social Responsibility Refers to Actions an Organization Takes That Are

question 19

True/False

Social responsibility refers to actions an organization takes that are legally required to protect or enhance the well-being of living things.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Financing Activities

Transactions and events that relate to how a company finances its operations, including issuing debt, repaying loans, and issuing or buying back stock.

Net Cash Provided

The total amount of cash inflows minus cash outflows from a company's operating, financing, and investing activities.

Cash Dividends

are payments made by a company to its shareholders out of its profits or reserves, representing a portion of the company's earnings.