Providing training opportunities, job security, reasonable pay, good work atmosphere are the responsibilities of a business towards which stakeholders.
Customers
Society
Citizens
Employees
From the following options, which is the main responsibility of a business to suppliers?
The business should always choose credit purchases with longer credit period.
The purchasing business should pay promptly, place regular orders and offer long-term contracts.
Suppliers should be changed frequently.
The purchasing business should invite quotation from suppliers.
According to critics, what is the main aim of government through CSR strategies?
To meet social responsibilities at any cost
An attempt is made to impose fewer controls and restriction on powerful multinational firms.
To enable business firms to generate high profits
Creating an environment wherein the firms can invest less and earn more.
What responsibility does business have to customers?
To provide high quality products at high prices
To provide low quality products at low prices
Not to break the law concerning customer protection, adopting accurate advertising and making goods available at reasonable prices.
To provide the customers outdated products.
What is the negative effect that a business decision regarding large expansion of the business by building a new head office, have on local community?
More jobs for local residents
Better utilization of resources
Raise the standard of living of people
Causes disruption due to increased traffic and loss of green fields.
While meeting corporate social responsibility many differences in opinions may arise, however such divergent opinions should be resolved by which authority?
Shareholders
Stakeholders
Senior Management Officials
Social Auditors
Give the expanded form for FVCT.
Flower Valley Committee Treaty
Floral Valley Corporation Treaty
Flower Valley Conservation Trust
Floral Valley Corporation Trust
According to the traditional view of business, every firm has a legally binding duty towards which of the following categories of persons?
Speculators
Government
Identify the main aim of Flower Valley Conservation Trust in South Africa.
To protect the fragile natural environment and create more jobs.
To modernise the traditional methods of farming
To implement new technology based projects
To provide all necessary support for cultivators to market their products.
From the given options identify a person who is not a stakeholder of a business.
Political party
Suppliers
Government agencies
