Which of the following statements regarding corporate social responsibility is TRUE? a. CSR deals with the ethical regard of all stakeholders. b. CSR is a standard mandated by law that requires a business to actively comply with high moral and ethical standards. C. CSR is an initiative that acts to counter social and financial performance measures. d. CSR is a relatively new concept developed within the last decade. O a. Ob. O c. O d. Why must a company have a formal organizational structure to be successful? a. to clearly delineate roles and responsibilities b. to allow the company to effectively perform its operational activities c. because the Board of Directors must approve a structure that can serve the company for at least 10 years d. to allow for well thought-out decisions with many checks and balances O a. O b. O c. O d. Uncontrollable external factors can create challenges in planning and budgeting. Which of the following is the best example of an uncontrollable extemal factor faced by a manager of business operations? a. Production volumes are above normal levels. b. Poor-quality materials result in more materials than usual being required in the manufacturing process. c. Raw material prices change because of a change in environmental laws. d. Utility costs are higher than normal due to higher usage. a. O b. O c. O d. Question 8 (1 mark) Which of the following statements about the balance scorecard is TRUE? ext a Balanced Scorecards always have four perspectives. b. Balanced Scorecards are only for organization-wide performance management c. Balanced Scorecards can be used in not-for-profit organizations. d. Balanced Scorecards must be updated annually O a. b. O c. d. Question 9 (1 mark) If a new market exists for an intermediate product, the minimum transfer price for the seller would be equal to | Next a. the opportunity cost. b. the external selling price. c. the fixed cost d. the variable cost. O b. 9 O c. O d