Discuss statement in corporate social responsibility

Assignment Help Accounting Basics
Reference no: EM132688379

The following quote appeared in an article entitled 'Business and society in the coming decades', which was available on the website of McKinsey & Company (accessed in October 2015). "There are compelling reasons companies should seize the initiative to drive social and business benefits. First, in an interconnected world facing unprecedented environmental and social challenges, society will demand it. Increasingly, a basic expectation among customers, governments, and communities will be that the companies they do business with provide a significant net positive return for society at large, not just for investors. This will be part of the implicit contract or license to operate".

Required:

Problem a) Explain the above statement in the context of corporate social responsibility.

Reference no: EM132688379

Questions Cloud

What must the total fixed costs be : Variable costs are 70% of sales for Alt and 80% of sales for Tude. In order to realize a total profit of P160,000, what must the total fixed costs be?
Methods of collecting data : Choose two methods of collecting data, as presented in the text, and describe the strengths and weaknesses of those approaches.
Prepare the journal entries for the dates showing the amount : Prepare the journal entries for the dates showing the amount of exchange gain or loss . Determine the amount in AUD, as at: 1 March 2020
Examples of at least four different types of survey items : Locate a survey (do not use the example survey in the book) and give examples of at least four different types of survey items
Discuss statement in corporate social responsibility : Increasingly, a basic expectation among customers, governments, Discuss statement in the context of corporate social responsibility.
Reflect on the material presented throughout the course : A 12-year-old girl has come in for a routine check-up and has not yet received the HPV vaccine. Her family is very religious and believes that the vaccine.
Health education in health promotion programs : Explain the role of health education in health promotion programs.
What findings in the physical assessment do you expect : In general, what findings in the physical assessment of a healthy older adult do you expect to be different than that of a healthy 35-year-old?
Role of health education in health promotion programs : Explain the role of health education in health promotion programs.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd