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.
Give the expanded form for FVCT.
Flower Valley Committee Treaty
Floral Valley Corporation Treaty
Flower Valley Conservation Trust
Floral Valley Corporation Trust
Social audits are conducted annually to provide an answer to which question?
What is the correct financial position of the business?
How far the business has attained its major aim of maximising profits?
What is the social impacts of a business over a period?
What is the truth and correctness of financial statements prepared by a firm?
Identify the positive impact of applying IT into production methods for employees.
Opportunities for training and promotion might be offered
Local business providing IT services could benefit from increased orders.
Improve quality and offer more product variety
The relation between employees and management may be promoted.
What does CSR stand for?
Council for Science and Research
Corporate Statistical Research
Corporate Social Research
Corporate Social Responsibility
Why Managers and Directors are paid more than other employees?.
Because they are often confronting complex situations where intelligent decisions should be taken.
Their qualification is high when compared to other employees.
Their ability required to tackle problems is moderate.
They occupy very high position in the top management.
Identify the theory/concept which propounds that there are many other parties apart from owners who are interested in business activity.
Separate entity theory
Stakeholder theory
Going concern theory
Equity theory
Can a business meet the objectives of all stakeholders at a time?
Not necessary
Yes, all stakeholders objective can be met at a time
No, only the most priority ones can be met first
No, stakeholders view need not be considered
To remain in business every business should try to satisfy two objectives, which are they?
Profit maximisation and wealth maximisation
Economic use of resources and labour satisfaction
Productive use of factors of production and low production cost
Profit maximisation and meeting social obligation.
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.
