Corporate Social Responsibility Corporate social responsibility is an obligation beyond the law requirements‚ for a company to pursue goals that are beneficial to the society in one way or other. It also refers to the commitment and dedication of a firm to contribute to the society’s economic development for the betterment of the community. Definition According to Kotler et al (2005‚ pp.3)‚ “Corporate social responsibility is a commitment to improve community
Premium Corporate social responsibility Social responsibility Case study
When you ask people why they followed their leader or what made their leader great‚ most would use words like charismatic‚ honest‚ trustworthy and confident. So this begs the question‚ are these all qualities that are born or learned? According to Webster’s dictionary‚ charisma is a “spiritual power or personal quality that gives an individual influence or authority over large numbers of people.” So a charismatic leader can be defined as a certain quality of an individual personality‚ by
Premium Leadership Charismatic authority Charisma
ECON 600 Lecture 3: Profit Maximization I. The Concept of Profit Maximization Profit is defined as total revenue minus total cost. Π = TR – TC (We use Π to stand for profit because we use P for something else: price.) Total revenue simply means the total amount of money that the firm receives from sales of its product or other sources. Total cost means the cost of all factors of production. But – and this is crucial – we have to think in terms of opportunity cost‚ not just explicit
Premium Supply and demand Price elasticity of demand Elasticity
The 1920s “Roaring Twenties” were a dramatic age of social‚ economic‚ and political changes. The economy during that era had raised a lot when people started to have money in their pockets. The 1920s was known the age of changing in American society when electricity‚ radio‚ cars‚ movies‚ and other entertainments were taken place. In addition‚ people during that time moved to cities seeking better lives and jobs. Equally important stock market was the main where people started to invest their money
Premium
James Huang Professor Lau ACCT 495 May 2‚ 2015 BonneSante S.A. 1. How well do the chief accountant’s assumed lease characteristics line up with the company’s past lease term experience? Illustration 1: The truck lease would be accounted for as a regular equipment lease with the interest every month. Truck Rental Expense 800 Interest Expense 40 Cash 840 Illustration 2: If we determine the probability of lease terms‚ for 60% the lease will be for 6 years‚ so we will use 6 years as the lease term
Premium Lease
Trader The advantages of being a sole trader are as follows; They are easy to set up – There are very few complicated forms to fill in and sole traders can set up and run a business almost immediately. They are easy to run – The owner can do what they want‚ when they want‚ without consulting with colleagues‚ as they are 100% in control of the business. Tax advantages – Sole traders are taxed in different ways to other types of businesses‚ the main tax relief being NIC’s (National Insurance
Free Types of companies Corporation Legal entities
that IKEA should open smaller‚ satellite store across the USA‚ in shopping malls‚ strip malls‚ etc. These IKEA Lite shops would give consumers that have no access to a near full-size IKEA the opportunity to experience the brand. What do you think of this idea? Why do you agree or disagree with it? Before deciding whether these IKEA Lite shops are in fact a good choice for both consumers and company‚ there are several issues we need to take in consideration before taking our final choice. Nowadays if
Premium Customer IKEA Customer service
Do you believe in witches? In Massachusetts in the 17th century colonists believed in witches. The Salem witch trials began in February of 1692. In Salem‚ Massachusetts‚ witchcraft cases were brought before judges to be reviewed. The trials were started due to a fear of Satan. People thought witches did Satan’s bidding and this frightened them. During this time more than 200 were accused of witchcraft and 20 were killed. The Salem Witch Trials were a trying time for all who were accused of practicing
Premium Salem witch trials Witchcraft
CHAPTER 1 Goals and Governance of the Firm Answers to Problem Sets 1. a. real b. executive airplanes c. brand names d. financial e. bonds f. investment g. capital budgeting h. financing 2. c‚ d‚ e‚ and g are real assets. Others are financial. 3. a. Financial assets‚ such as stocks or bank loans‚ are claims held by investors. Corporations sell financial assets to raise the cash to invest in real assets such as plant and equipment. Some
Premium Investment Stock Finance
1) FIRM OBJECTIVES: The standard economic assumption underlying the analysis of firms is profit maximization. Real world firms‚ however‚ might not‚ and many times do not‚ make decisions based on the profit-maximization objective‚ or at least exclusively on the profit-maximization objective. Other objectives include: (1) sales maximization‚ (2) pursuit of personal welfare‚ and (3) pursuit of social welfare. Although firms are assumed to make decisions that increase profit in standard economic
Premium Profit maximization Economics