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R.Budd,the purchasing agent of Lake Hardware Wholesalers,has a relative who owns a retail hardware store.Budd arranged for hardware to be delivered by manufacturers to the retail store on a cash-on-delivery (COD) basis,thereby enabling his relative to buy at Lake's wholesale prices.Budd was probably able to accomplish this because of Lake's poor internal control over
Corporate Social Responsibility (CSR)
A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.
Eco-efficient Disposal
Environmentally responsible methods of disposing of waste or unused products, minimizing ecological impact.
Environmentally Preferable Purchasing Program
A strategy that encourages the acquisition of products and services that have a reduced impact on the environment.
Bill of Lading
A legal document issued by a carrier to acknowledge receipt of cargo for shipment, detailing the type, quantity, and destination of the goods being carried.
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