Good Corporate Citizens Do Not

question 11

Multiple Choice

Good corporate citizens do not

• A)meet legal,ethical,and economic responsibilities imposed by shareholders.
• B)identify up-and-coming managers who have a future in local- or state-level politics.
• C)seek to improve standards of communities in which they operate.
• D)attempt to sustain profitability for stakeholders while in the pursuit of social responsibility.
• E)pursue discretionary activities that contribute to the betterment of society,especially in areas where government has chosen not to focus its efforts or has fallen short.

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Definitions:

Quantity Variance

A measure used in cost accounting to calculate the difference between the actual quantity of materials or labor used and the expected quantity.

Price Variance

The difference between the actual cost and the standard cost of an item, often analyzed to manage and control spending effectively.

Management

The process of directing and controlling a group or organization to achieve its goals through the efficient use of resources.

Industry Standards

Refers to established norms and requirements that guide production and service processes within a specific field to ensure quality, safety, and efficiency.