The Ben & Jerry's Foundation Mission Statement Reads as Follows

question 119

Multiple Choice

The Ben & Jerry's Foundation mission statement reads as follows:
"The mission of the Ben & Jerry's Foundation is to engage Ben & Jerry's employees to give back to our Vermont communities; and to support grassroots activism and community organizing for social and environmental justice around the county."
Which one of the following statements most closely describes the social responsibility role of the Ben & Jerry's Foundation?

• A) It is an example of the ethical dimension of social responsibility.
• B) It is an example of the philanthropic dimension of social responsibility.
• C) It is an example of the economic dimension of social responsibility.
• D) It is an example of the legal dimension of social responsibility.
• E) It is an example of the political dimension of social responsibility.

Recognize the significance of realistic goal setting in entrepreneurship and management.

Differentiate between the roles and objectives of different managerial levels within an organization.

Grasp the concept of prioritizing objectives and the A-B-C priority system.

Understand the elements and importance of a mission statement in organizational planning.

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Definitions:

Opportunity Cost

The loss of potential gain from other alternatives when one particular alternative is chosen.

Savings Account

A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the efficiency with which a company utilizes its resources.

Explicit Costs

are direct, out-of-pocket payments for expenses incurred by a business or individual.