Which of These Actions Conforms to the Definition of Corporate

question 20

Multiple Choice

Which of these actions conforms to the definition of corporate social responsibility?

• A) A food company voluntarily recalls a product because of possible contamination
• B) A U.S. tobacco company moves its production facilities to Asia to take advantage of lax regulation
• C) Exxon's oil refineries adhere to the U.S. Clean Air Act
• D) Ford negotiates with the United Automobile Workers to avoid layoffs
• E) An apartment complex owner gives in to tenant pressures and hires a security guard

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Definitions:

Circular 230

Regulations issued by the United States Treasury Department governing practice before the IRS by attorneys, CPAs, and other professionals.

Competency Examination

An assessment designed to evaluate a person's knowledge, skill, or ability in a specific field or domain.

Unemployment Compensation

Financial payments made to individuals who have lost their jobs through no fault of their own, provided by state or federal unemployment insurance programs.

Form 1099-G

Form 1099-G is a tax form used to report certain types of government payments, such as state tax refunds and unemployment compensation, to recipients and the IRS.