______ Implies That an Organization Operates with an Awareness of Its

question 33

Multiple Choice

______ implies that an organization operates with an awareness of its obligation to society.

• A)Corporate social responsibility
• B)Corporate social obligation
• C)Corporate conscience
• D)Corporate citizenship

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Definitions:

EBIT

An indicator of company profit, Earnings Before Interest and Taxes, which omits the costs related to interest and taxes.

Trade Credit

A financing arrangement where a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.

Immediate Payment

A payment that is required to be made at the time of purchase or transaction.

Political Subdivisions

Entities established under the authority of a larger government, typically used for administrative purposes, such as counties or municipalities.