Two ways business be socially responsible
Not what you're looking for?
You have identified the strategies that you want to implement in your business in the letter to your relative.
1. What safeguards and controls would you and your partners put in place to ensure that the goals identified can be pursued ethically?
o Safeguards are policies, procedures, or mechanisms that when effectively applied serve to reduce or eliminate risks that could result in harm or loss. Examples include: personnel policy and procedures, risk management policies, safety training, loss (theft) prevention training, loss prevention devices (cameras, etc.)
o Controls are: Management process of monitoring an organization's performance to ensure that it is meeting its goals. Examples include: sales volume monitored, customer service complaints monitored, monitoring inventory levels, keeping track of overtime expenses, and monitoring expenses and budgets.
2. What two ways will your business be socially responsible?
Purchase this Solution
Solution Summary
This explains the two ways by which business be socially responsible
Solution Preview
You have identified the strategies that you want to implement in your business in the letter to your relative.
1. What safeguards and controls would you and your partners put in place to ensure that the goals identified can be pursued ...
Purchase this Solution
Free BrainMass Quizzes
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Basics of corporate finance
These questions will test you on your knowledge of finance.