The Classical View of CSR Is That Businesses Should Focus

question 82

Multiple Choice

The classical view of CSR is that businesses should focus on _____.

• A) the environment
• B) owners and shareholders
• C) profits
• D) labor unions
• E) future generations

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Definitions:

Supplies

Items that are used in the day-to-day operations of a business, not directly part of the manufactured product but necessary for its production.

Labor Rate Variance

The difference between the actual labor costs incurred and the standard labor costs expected for the work performed.

Labor Efficiency Variance

A metric used to measure the difference between the actual labor hours worked and the standard labor hours allowed for the production achieved.

Labor Standards

Predetermined measures of the amount of labor time necessary for the completion of a task or project.