1. Describe what is profit and why this is important to organisations. 2. Profit is an important source of finance for business. Profit earned which are kept in Describe what is Corporate Social Responsibility and why this is important to organisations. It is a management concept whereby companies integrate social and environmental concern in their business operation and interactions with their stakeholder. 3. Outline the types of CSR activities that a business may carry out, use examples from organisation. 4. Link profit with corporate social responsibility give examples of organisations and their CSR actions. 5. Give advantages and disadvantages of focusing on profits. Give advantages and disadvantages of focusing on profits 6. Mention the impacts on the business in terms of costs and benefits
1. Describe what is profit and why this is important to organisations. 2. Profit is an important source of finance for business. Profit earned which are kept in Describe what is Corporate Social Responsibility and why this is important to organisations. It is a management concept whereby companies integrate social and environmental concern in their business operation and interactions with their stakeholder. 3. Outline the types of CSR activities that a business may carry out, use examples from organisation. 4. Link profit with corporate social responsibility give examples of organisations and their CSR actions. 5. Give advantages and disadvantages of focusing on profits. Give advantages and disadvantages of focusing on profits 6. Mention the impacts on the business in terms of costs and benefits
Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section: Chapter Questions
Problem 1DQ
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1. Describe what is profit and why this is important to organisations.
2. Profit is an important source of finance for business. Profit earned which are kept in
Describe what is Corporate Social Responsibility and why this is important to
organisations.
It is a management concept whereby companies integrate social and environmental concern in
their business operation and interactions with their stakeholder.
3. Outline the types of CSR activities that a business may carry out, use examples from
organisation.
4. Link profit with corporate social responsibility give examples of organisations and
their CSR actions.
5. Give advantages and disadvantages of focusing on profits. Give advantages and
disadvantages of focusing on profits
6. Mention the impacts on the business in terms of costs and benefits
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