Author Question: How do businesses around the globe monitor ethics and social ... (Read 60 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
How do businesses around the globe monitor ethics and social responsibility?

Question 2

A limit on the amount of a particular good that may be imported into a country during a given period of time is called an import quota.
 
 Indicate whether the statement is true or false



Viet Thy

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

Many firms are monitoring their firm's ethics and social responsibility. The process is called a social audit, which is a systematic evaluation of how well a firm is meeting its ethics and social responsibility objectives. Establishing goals is the starting point for a social audit, but the next step is to determine how to measure the achievement of those goals, and measurement can be a bit tricky. As You Sow, an organization dedicated to promoting corporate social responsibility, recommends that companies measure their success by evaluating a double bottom line, one that accounts for traditional financial indicators, such as earnings, and one that accounts for social-responsibility indicators, such as community involvement.

Answer to Question 2

True



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

For a complete list of videos, visit our video library