You Have Been Asked by Your Management Team to Put

question 121

Multiple Choice

You have been asked by your management team to put together a list of activities an organization could undertake to demonstrate its commitment to social responsibility.Which of the following choice(s) would be appropriate to include in your list?

• A)strive to make profits on an ongoing basis
• B)admit mistakes
• C)take public stands on social issues
• D)monitor the social environment
• E)All of the following choices are correct

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholder members. It is the share of profits and retained earnings that the company pays out to its shareholders.

Interest Payment

A payment made to a lender by a borrower in exchange for the use of borrowed money, typically calculated as a percentage of the principal.

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, reflecting the asset's loss in value due to wear and tear, age, or obsolescence.

Operating Activities

The cash flows related to the core operations of a business, including revenues and expenses.