An Organization's Social Responsibility Consists of Its Obligations and Duty

question 34

True/False

An organization's social responsibility consists of its obligations and duty toward people or groups outside the organization that are directly affected by its actions.

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Definitions:

Inflation

The speed at which the average price of goods and services increases, resulting in a reduction of money's buying power.

Purchasing Power

The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

Lenders

Lenders are individuals or institutions that provide funds to others with the expectation that the funds will be repaid, usually with interest.

Bonds

Fixed-income instruments that represent a loan made by an investor to a borrower, typically corporate or governmental.