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.
Give the expanded form for FVCT.
Flower Valley Committee Treaty
Floral Valley Corporation Treaty
Flower Valley Conservation Trust
Floral Valley Corporation Trust
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To provide the customers outdated products.
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?
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
According to the traditional view of business, every firm has a legally binding duty towards which of the following categories of persons?
Customers
Speculators
Government
From the given options identify a person who is not a stakeholder of a business.
Political party
Suppliers
Government agencies
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.
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.
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
