The Text Identifies Several Criteria for Evaluating Socially Responsible Corporate

question 26

Multiple Choice

The text identifies several criteria for evaluating socially responsible corporate behaviour. A company is meeting its __________ when it earns a profit through provision of goods and services desired by customers.

• A) ethical responsibility
• B) legal responsibility
• C) stakeholder responsibility
• D) discretionary responsibility
• E) economic responsibility

Understand the concept and benefits of digital tools in supply management, such as online catalogs, EDI, e-procurement systems, and extranets.

Comprehend the importance of efficient and effective supply processes and the impact of poor performance on the organization.

Recognize strategies to manage and expedite orders, including understanding of blanket purchase orders and vendor/supplier managed inventory systems.

Identify the significance of internal compliance and trust in the supply process.

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Definitions:

Macro-structures

Large-scale patterns and systems in society that shape and organize social life, such as economic systems or governmental institutions.

International Organizations

Entities established by treaties between sovereign states to pursue common goals or facilitate political, economic, or social cooperation.

Social Structure

The organized pattern of social relationships and institutions that together compose society, determining how it functions.

Macro-structures

Large-scale social structures that impact society and its institutions, shaping norms, roles, and relationships.