What Is the Term for the Concern of Business for the Long-Range

question 86

Multiple Choice

What is the term for the concern of business for the long-range welfare of both the company and its relationships to the society within which it operates?

• A)consumerism
• B)corporate social responsibility
• C)cultural sensitivity
• D)conventional morality

Comprehend the impact of the changing business environment on management accounting practices.

Acknowledge the importance of budgeting in achieving organizational goals, controlling operations, and providing information for decision-making.

Understand the relationship between management accounting information and organizational strategy.

Recognize the importance of ethical behavior and continuous improvement for accountants.

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Definitions:

Illusion of Popularity

A perception phenomenon where individuals overestimate the extent to which they are liked or accepted by others.

Bad Apple

A term referring to an individual within a group or team who negatively influences the whole, often contributing to toxic environments or fostering negativity.

Groupthink

A phenomenon in group decision-making processes where the desire for harmony or conformity results in an irrational or dysfunctional outcome.

Direct Pressure

A form of influence where someone attempts to coerce others into doing something or changing their behavior through explicit demands, persuasion, or intimidation.