Benefits and Costs of Social Actions
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Questions and Answers

What is the purpose of using part of available funds to finance social projects?

  • To reduce funds available for competitive purposes (correct)
  • To increase competitive power
  • To attract government regulations
  • To decrease social responsibility
  • What can help a company become more aware of changing consumer tastes and preferences?

  • Identifying social needs that can be served (correct)
  • Ignoring social needs
  • Avoiding research
  • Not considering consumer preferences
  • What is one benefit of being a socially responsible company mentioned in the text?

  • Decreased employee satisfaction
  • Improved employee satisfaction (correct)
  • Decreased consumer demand
  • Higher taxes
  • Which social responsibility strategy involves allowing a condition or problem to go unresolved until it becomes public knowledge?

    <p>Reaction Strategy</p> Signup and view all the answers

    What may happen even if a company is acting in a socially responsible way?

    <p>Imposition of government regulations</p> Signup and view all the answers

    How can socially responsible companies benefit from investor preferences?

    <p>Increased market price for their stocks</p> Signup and view all the answers

    Which strategy involves a company going beyond what is legally and ethically required?

    <p>Proactive Strategy</p> Signup and view all the answers

    What could be a cost associated with socially responsible actions as mentioned in the text?

    <p>Money spent in support of social projects</p> Signup and view all the answers

    Why might companies face fewer legislative controls on their business activities if they are socially responsible?

    <p>Positive perception by legislative bodies</p> Signup and view all the answers

    What is a key component of a social audit as outlined in the text?

    <p>Summary report of costs for each program area</p> Signup and view all the answers

    How can consumers have better access to information, as mentioned in the text?

    <p>From broadcast and print media</p> Signup and view all the answers

    Which strategy involves trying to minimize or avoid additional obligations?

    <p>Defense Strategy</p> Signup and view all the answers

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