Answer:
The effective communication principle in communicating with someone whose primary language is different from the other is letting them "SEE". it's in the environmental factor that people tend to remember and communicate effectively through what they see for about 30% effective.
Explanation:
The strategy of corporate social responsibility (CSR) that meets economic, legal, and ethical responsibilities but not discretionary responsibilities is typically referred to as the "Triple Bottom Line" approach.
The Triple Bottom Line approach focuses on three key responsibilities:
1. Economic Responsibility: This refers to a company's responsibility to generate profits and financial stability for its shareholders and stakeholders while ensuring long-term sustainability. It involves efficient resource allocation, cost-effectiveness, and profitability.
2. Legal Responsibility: This refers to a company's obligation to comply with all applicable laws, regulations, and legal requirements in the jurisdictions where it operates. It involves adhering to labor laws, environmental regulations, tax laws, and other relevant legal frameworks.
3. Ethical Responsibility: This refers to a company's commitment to conducting business in an ethical and morally responsible manner. It involves treating employees fairly, respecting human rights, promoting diversity and inclusion, and upholding ethical standards in all aspects of the business.
However, the Triple Bottom Line approach does not specifically address the discretionary responsibilities of CSR. Discretionary responsibilities go beyond legal and ethical obligations and involve voluntary actions that benefit society and the environment. These may include philanthropy, community engagement, environmental conservation initiatives, and other forms of social contributions that are not obligatory but are considered as additional social responsibilities.
Therefore, while the Triple Bottom Line approach meets economic, legal, and ethical responsibilities, it does not encompass the discretionary responsibilities of CSR.
A government normally increases taxes to boost it's tax revenue but this also results in the decrease of savings and investments. Higher taxes leaves consumers with less disposable income which then discourages them from saving and investing.