ENOC (Scenario) ENOC, Emirates National Oil Company, Launched a Training Program Called

question 117

Multiple Choice

ENOC (Scenario)
ENOC, Emirates National Oil Company, launched a training program called Enoc Challenge III, aimed at providing disadvantaged teenagers with an opportunity to attain professional skills that is essential when embarking on new careers. ENOC will provide training apprenticeships at its various departments for 20 candidates.
-This initiative best comes under the category of ________.

• A) social obligation
• B) social responsiveness
• C) social responsibility
• D) societal welfare

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Definitions:

Profitability Index

A financial tool used to assess the desirability of an investment by dividing the present value of future cash flows by the initial investment cost.

Economic Lives

The duration over which an asset is expected to be useful in generating revenue or other economic benefits.

Equivalent Annual Cost

The cost per year of owning and operating an asset over its entire lifespan, taking into account both the initial purchase price and the ongoing operating costs.

NPV

A calculation technique used to estimate the value of an investment by assessing the present value of all cash flows associated with it, both incoming and outgoing.