Chapter 21, Problem 21.5BYP

To determine

Corporate Social Responsibility: The society provides resources to the business and gives authority to the business. The corporate social responsibility is very important part of today’s business world. The business houses which have shown their concern and contributed towards the development of society are developing rapidly and having good image in the eye of public. Therefore business should not do task which negatively affect the lifestyle of the society.

To determine: (a) The costs that company faces as a result of the accident and (b) the way in which company could reduce cost associated with accident.