The Company You Work for Recently Has Committed Itself to Implementing

question 141

Multiple Choice

The company you work for recently has committed itself to implementing a program of social responsibility. After the company has gotten the commitment of top executives, planned the program, and appointed a program director, you suggest that a(n) ____ be prepared periodically to evaluate the success of the program.

• A) research report
• B) social audit
• C) ethics evaluation
• D) departmental memorandum
• E) social actions report

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Definitions:

Selling Price

The amount of money for which a product is sold to the customer, after accounting for discounts, rebates, and other adjustments.

Payment

The transfer of money, or its equivalent, from one party to another in exchange for goods, services, or to fulfill a legal obligation.

Mark-Up

The additional amount added to the cost price of goods to cover overhead and profit, resulting in the selling price.

Selling Price

The price at which an item or service is sold to a buyer, potentially including taxes, shipping, and other fees.