How Might a Technology Company Like Apple Ensure That It

question 4

Multiple Choice

How might a technology company like Apple ensure that it behaves in a socially responsible way towards its customers?

• A) By protecting the privacy of personal information collected on its website.
• B) By adhering to government-mandated safety standards in its stores.
• C) By ensuring that it pays its employees fairly.
• D) By ensuring that its packaging materials are recyclable.
• E) Social responsibility isn't relevant where customers are concerned; it has to do with serving society as a whole.

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable and inventories.

Shortage Costs

Shortage costs are the expenses incurred by a business when it does not have enough inventory or resources to meet demand, including lost sales and dissatisfied customers.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's operating cycle, whichever is longer.

Investment

Assigning monetary assets in hopes of achieving financial gain or income.