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.
2. refers to any useful activity.
3. Series of related jobs or occupations.
4. A career of jobs.
The Takt Time required for a manufacturing cellphone to produce 250 parts over one shift of 7 hours will be 1.68 minutes per part. Takt time is the frequency at which a product have to be completed in order to fulfill purchaser needs.
Takt Time is calculated as Available Production Time divided through Customer Demand. Takt time represents the amount of manufacturing time time you have accessible to make every section in order to meet purchaser demand.
Takt time is the charge at which you want to complete a product in order to meet client demand. It comes from the German phrase “Takt,” meaning beat or pulse in music. Within manufacturing, takt is an essential measure of output against demand.
Learn more about takt time here:
To calculate the takt time for a manufacturing cell, divide the total available time by the required output. In this scenario, the takt time is 0.028 hours, or about 1.68 minutes, per part.
Takt time is a fundamental concept in lean manufacturing that is used to match the pace of production to the pace of customer demand. It is calculated by dividing the available production time by the required number of units. In this case, the manufacturing cell has to produce 250 parts in 7 hours. Therefore, the takt time can be calculated as follows: Takt Time = Available Time / Required Output = 7 hours / 250 parts = 0.028 hours per part, which is equivalent to 1.68 minutes per part.
In real life, it's also crucial to account for break times and unexpected pauses. However, since this question specified to only consider the 7 hours of available time, no deductions have been made.
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B.40 to 60
C.10 to 20
D.30 to 40
Consumption
Investment
Government purchases
Exports
Imports
Select all that apply:
1. Beth gets a new video camera made in the United States.
2. Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
3. Andrew's employer upgrades all of its computer systems using U.S.-made parts.
4. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
5. Andrew buys a sweater made in Guatemala.
Categories of following expenditure transactions are,
1 ) Beth gets a new video camera made in the United States - Consumption
2 ) Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website - Exports
3 ) Andrew's employer upgrades all of its computer systems using U.S.-made parts - Investment
4 ) The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore - Government purchases
5 ) Andrew buys a sweater made in Guatemala - Imports
For calculating U.S. GDP, following transactions are the part of,
a) Beth gets a new video camera made in the United States.
It is a part of Consumption, as it is related to the purchase of a final good by an individual for personal use.
b) Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
It is part of the Exports, as it involves the sale of a U.S. product to a foreign country (Sweden), which is considered an export.
c) Andrew's employer upgrades all of its computer systems using U.S.-made parts.
It is part of Investment, because it involves the purchase of capital goods (computer systems) by a business for productive purposes.
d) The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
It is a part of Government purchases, because it involves government spending on infrastructure.
Andrew buys a sweater made in Guatemala.
It is part of Imports, purchase of a foreign-made good (from Guatemala) by a U.S. resident, and thus it is considered an import.
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The Complete Question is,
Categories of expenditures Andrew and Beth Trimble live in Swarthmore, PA. Beth's father, Darnell, lives in Sweden.
For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.
a) Beth gets a new video camera made in the United States.
b) Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
c) Andrew's employer upgrades all of its computer systems using U.S.-made parts.
d) The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
e) Andrew buys a sweater made in Guatemala.
Answer:
3
Explanation:
The computer sytems relates to the US. GDP
Answer:
Licensing
Explanation
Licensing is a contractual agreement whereby one company (the licensor) allows another company to use its trademark for products and services offered by this company (licensee) for a royalty or fee and here royalty was received for the use of name.
Mary-Kate and Ashley Olsen's clothing line with Wal-Mart is an example of celebrity branding. This is where the well-known name of a celebrity is used to market and sell a product or service, in this case, fashion.
The scenario involving Mary-Kate and Ashley Olsen and their clothing line with Wal-Mart is an example of celebrity branding. Celebrity branding is a type of branding where a celebrity uses their well-known name to market, promote, and sell a product or service. In this case, the Olsen twins create fashion and grant Wal-Mart exclusive rights to manufacture and sell the clothing under their well-known name. Celebrity branding can significantly influence the consumer's perception of the product and can increase product credibility, thus making it a powerful tool in the marketing sector.
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