Which of the Following Actions Can a Corporation Do to Demonstrate

question 26

Multiple Choice

Which of the following actions can a corporation do to demonstrate social responsibility?

• A)Avoid taking corrective action before it is required.
• B)Evade taking public stands on social issues.
• C)Strive to make profits on an ongoing basis.
• D)Avoid publicity concerning any socially damaging mistakes.
• E)None of these actions demonstrates social responsibility.

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Definitions:

Future Value

The predicted amount of money that an investment will grow to at a particular point in the future, considering a specified rate of growth or return.

Interest

The charge for borrowing money, typically expressed as an annual percentage rate.

Account

An account is a record summarizing all the transactions pertaining to a single item in the accounting equation.

Payment

The transfer of money, goods, or services from one party to another in exchange for something of value, often fulfilling a contractual obligation or debt.