With a Philosophy of __________, Managers Weave Environmental and Social

question 36

Multiple Choice

With a philosophy of __________, managers weave environmental and social concerns into every strategic decision, so that financial goals are achieved in a way that is socially and environmentally responsible.

• A) sustainability
• B) conservation
• C) ethics
• D) preservation
• E) human concerns

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Definitions:

Elasticity of Resource Supply

A measure of how responsive the quantity supplied of a resource is to a change in price.

Elasticity of Product Demand

The degree to which the demand for a product changes in response to a change in its price.

Labor Costs

The total expenditure by businesses for paying their employees, including wages, benefits, and taxes.

Labor-Intensive

A process or industry that requires a large amount of labor relative to capital in its production processes.