The Difference Between an Organization's Positive Social Contributions and Its

question 184

Multiple Choice

The difference between an organization's positive social contributions and its negative social impacts is called their

• A) social scorecard.
• B) responsibility impact report.
• C) net social contribution.
• D) community commitment level.

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Definitions:

Profitable

Describes a business or activity that generates more revenue than it spends in costs, resulting in a financial gain.

Variable Costing

A costing method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product costs.

Finished Goods Inventory

The completed products that are ready to be sold but have not been sold yet.

Income

The financial gain earned or received by an individual or entity, often from employment, investments, or business operations.