The Business Case for CSR Justifies Initiatives ________

question 10

Multiple Choice

The business case for CSR justifies initiatives ________.

• A) Through a cost benefit analysis of the financial impact. Net loss means the initiative is not strategically serving the organization and they shouldn't engage in CSR. Net gain means the company will benefit financially from engaging in CSR and should proceed with their initiatives
• B) Through the resulting benefits for the organization that serve a strategic purpose and provide stability and sustainability
• C) By providing evidence that the initiatives benefit the company in at least two ways. For example: installing solar panels to help power the organization shows environmental sustainability and an economic return on their investment by reduced electric costs, which will pay for the panels in a relatively short time
• D) For the company's ethical responsibility to engage in CSR activities. These actions make a contribution to and reflect company values that CSR is their ethical responsibility and is prompted by their values and integrity to be a good steward

Comprehend the integration of financial and social incentives in managing volunteer and staff motivation.

Recognize the importance of human psychological theories in volunteer and staff management.

Understand the significance of proper volunteer management procedures and their impact on organizational effectiveness.

Grasp the concept of diversity and its importance in strengthening nonprofit organizations.

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Definitions:

Credit Card Applications

Formal requests submitted by individuals seeking to open a credit card account, requiring financial information to evaluate creditworthiness.

Open-end Credit

A revolving credit line that allows a borrower to spend up to a certain limit, repay it, then borrow again.

Annual Percentage Rate (APR)

The annual rate charged for borrowing or earned through an investment, which reflects the actual yearly cost over the term of a loan.

Grace Period

A set period after a payment due date during which a late fee or other penalty for late payment is waived.