Being Socially Responsible Is Generally Considered

question 21

Multiple Choice

Being socially responsible is generally considered

• A) a good thing to do only if a company is profitable.
• B) inappropriate for most firms in today's challenging markets.
• C) beyond the norms of corporate ethical behavior.
• D) a necessary part of every firm's strategy.
• E) the responsibility of corporate-sponsored foundations who can effectively concentrate a firm's good deeds.

---

Definitions:

Goods Sold

The total of merchandise that a company has sold to its customers within a specific period; often referred to as 'sales'.

Perpetual Inventory System

An inventory accounting system that records goods transactions in real-time.

FOB Shipping Point

A shipping term indicating that the buyer assumes responsibility for the goods and the associated costs once the goods leave the seller's premises.

Ending Inventory

Ending inventory is the total value of all inventory, including raw materials, work-in-progress, and finished goods, that a company has at the end of an accounting period.