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
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 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.
Which among the following options act as a limitation to the scope of social audit?
More expensive in terms of money and time and not productive unless it is legally required.
It leads to exploitation of natural resources for social benefits.
It erodes the profitability and liquidity of a business
It checks the social motive.
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
What is the major role of a customer in business?
To provide revenue from sales
To find out defects in the companies products
To adopt a bargaining strategy with the company
To compare the product of a company with that of its competitors
What does CSR stand for?
Council for Science and Research
Corporate Statistical Research
Corporate Social Research
Corporate Social Responsibility
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?
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.