How Might a Technology Company Like Appleensure That It Behaves

question 10

Multiple Choice

How might a technology company like Appleensure that it behaves in a socially responsible way toward its customers?

• A) It can protect the privacy of personal information collected on its website.
• B) It can adhere to government-mandated safety standards in its stores.
• C) It can ensure that it pays its employees fairly.
• D) It can ensure that its packaging materials are recyclable.
• E) Social responsibility isn't relevant where customers are concerned; it has to do with serving society as a whole.

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Definitions:

Unit Variable Costs

Unit Variable Costs refer to the expenses that vary directly with the production volume, including materials and labor directly involved in manufacturing.

Variable Cost

Expenses that fluctuate in direct correlation with the volume of production or business operations.

Contribution Margin Ratio

A financial metric that represents the portion of sales revenue that is not consumed by variable costs and can contribute to covering fixed costs.

Break-Even Point

The point at which total costs equal total revenue, resulting in no profit but also no loss.