_____ Is a Philanthropic Approach to CSR,in Which Organizations Underwrite

question 13

Multiple Choice

_____ is a philanthropic approach to CSR,in which organizations underwrite specific initiatives to give back to the company's local community or to designated national or international programs.

• A)altruistic CSR
• B)strategic CSR
• C)ethical CSR
• D)economic CSR

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Definitions:

Direct Materials

Raw materials that are directly traceable to the manufacturing of a specific product.

Actual Hours

The real number of hours worked, as opposed to planned or scheduled hours.

Standard Cost System

An accounting method that uses cost estimates for materials, labor, and overhead to control business costs.

Variable Overhead Spending Variance

The difference between the actual variable overhead incurred and the expected (or standard) variable overhead based on the actual level of production activity.