ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Corporate mission
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Corporate social responsibility
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Corporate values
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Corporate goals
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Detailed explanation-1: -Managerial decision making that considers environmental, societal, and financial impacts is known as sustainability. True. Sustainability is often associated with corporate social responsibility.
Detailed explanation-2: -Culture is not one of the areas in which organizations have corporate social responsibility. The three factors of CSR are environment, economy, and society. These are often referred to as planet, profit, and people.
Detailed explanation-3: -Corporate social responsibility means “doing what’s right” and doing it properly, which can be beneficial to all stakeholders. Companies that practice corporate social responsibility introduce policies that consider environmental, societal, and financial impacts in their decision making.
Detailed explanation-4: -A Life Cycle Assessment (LCA) is defined as the systematic analysis of the potential environmental impacts of products or services during their entire life cycle.