Toy Land,Inc

question 96

Multiple Choice

Toy Land,Inc.was criticized for selling toys that had lead paint and were proven to be harmful for children.The company recalled several batches of toys.It responded to these accusations by changing its logo to include a recycle theme,using advertisements that promoted waste management and recycling,and providing Toy Land,Inc.branded reusable shopping bags at their store.However,the firm did not undertake any specific measures to avoid using toxic materials in its products.This is an example of ________.

• A) proactive CSR
• B) cynical CSR
• C) minimalistic CSR
• D) primary CSR
• E) philanthropic CSR

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Definitions:

Average Total Cost Curve

A graphical representation showing how the total cost of production per unit of output changes with the level of output.

Long-run Equilibrium

occurs when all firms in a market or industry are producing at their most efficient level, with no incentive for entry or exit, and economic forces are balanced.

Total Revenue

The total amount of money a firm receives from selling its goods or services, calculated as the unit price multiplied by the quantity sold.

Increasing-cost Industry

An industry in which the cost of production increases as the industry's output expands, often due to resource limitations or rising input prices.