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.
What does CSR stand for?
Council for Science and Research
Corporate Statistical Research
Corporate Social Research
Corporate Social Responsibility
Choose the wrong option.
Local community should be consulted about major changes in business operations such as expansion plans or changing methods of production.
Government takes up the responsibility to prevent unfair competition that could damage business survival.
It is compulsory as per law for all employees all over the world to join a trade union.
Employees should observe at all times the ethical code of conduct.
Give the expanded form for FVCT.
Flower Valley Committee Treaty
Floral Valley Corporation Treaty
Flower Valley Conservation Trust
Floral Valley Corporation Trust
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.
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.
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
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?
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.
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.
