2007,Gap Inc

question 47

Multiple Choice

2007,Gap Inc.ended its relationship with 23 foreign production facilities due to code violations.Several closings occurred because of the use of child labor.In response to these events,the Gap created a large team whose purpose is to travel worldwide to ensure compliance with its Code of Vendor Conduct.This is an example of

• A) cause marketing.
• B) profit responsibility.
• C) utilitarianism.
• D) moral idealism.
• E) social responsibility.

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Definitions:

Price Variances

Differences between actual and expected or standard costs that are attributed to changes in the price of goods or services.

Quantity Variances

The difference between actual and standard quantities used in production, affecting cost management and budgeting.

Rate Variance

The difference between the actual rate paid for something and the standard or expected rate.

Direct Labor Hours

The total hours worked by employees directly involved in the manufacturing of products or delivery of services.