Bendix Corp

question 93

Multiple Choice

Bendix Corp.'s Board of Directors has just received a detailed plan regarding social responsibility activities that was developed by a committee of top managers at the company.What is the next step Bendix Corp.should take if it wants to follow the four-step process for managing social responsibility programs?

• A) A social audit must be conducted.
• B) The government must identify specific things the company is doing that need to be corrected.
• C) Make sure that support must is evident from top management.
• D) A director of the firm's social agenda must be appointed.
• E) A committee of top managers must develop a strategic plan for social responsibility.

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Definitions:

Labor Supply

The collective amount of time employees are prepared and capable of working for a specified pay rate, during a certain timeframe.

Perfectly Elastic

A situation in which any small change in price leads to an infinite change in quantity demanded or supplied.

Payroll Tax

Charges instituted on both employers and workers, typically a percentage of the employment remunerations.

Tax Burden

the measure of the total taxes imposed on individuals or businesses by the government.