Katie Works for an Electronics Manufacturing Company That Contributes 10

question 63

Multiple Choice

Katie works for an electronics manufacturing company that contributes 10% of employees' performance-linked bonuses toward the education of children with autism. Which of the following social responsibilities is best reflected in this scenario?

• A)Economic responsibility
• B)Legal responsibility
• C)Hybrid responsibility
• D)Philanthropic responsibility

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Definitions:

Credit Card Sales

Transactions where customers use credit cards to purchase goods or services, requiring merchants to process payments through a credit card network.

Direct Write-Off Method

An accounting method where uncollectible debts are charged directly to expense as they are identified.

Trade Receivables

The total amount of money owed to a company by its customers for goods or services delivered on credit.

Dishonored Note

A promissory note that has not been paid by its maker or endorser at the time of maturity.