Babkok Corporation Set Up an Effective Program for Social Responsibility

question 188

Multiple Choice

Babkok Corporation set up an effective program for social responsibility. Its top managers developed a policy statement outlining key areas of concern. This statement will serve as a guide for other employees as they become involved in the program. Now

• A) a committee of managers should be appointed to plan the program.
• B) employees should be appointed to submit suggestions to management.
• C) a top-level executive should be appointed to direct implementation of the program.
• D) employees should evaluate the program.
• E) the program director should prepare a social audit for the firm at specified intervals.

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Definitions:

Market-pay Surveys

Studies or analyses performed to gather data on prevailing wage rates for different jobs in the market.

Pay Differential

The variation in pay rates not explained by merit or performance, often resulting from factors like location, working hours, or job hazards.

Green-circle Rate

A situation in wage-setting where an employee's pay is below the minimum of the range set for their job class, often due to an anomaly or an exception in the salary structure.

Rank-and-file Adjustment

Changes or modifications made to the conditions or ranks of the general workforce, not the leadership or management.