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Using the _____ approach, managers audit their company's fulfillment of its social and ecological obligations to stakeholders such as employees, customers, suppliers, and communities as conscientiously as they track its financial performance.


A) triple-bottom-line
B) economic value creation
C) accounting profitability
D) shareholder value creation

E) B) and C)
F) B) and D)

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What do higher ratios of receivables turnover indicate?

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Higher ratios of receivables turnover (R...

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Explain how business models put strategy into action.

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Strategy is a set of goal-directed actio...

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Samantha is a recent fashion graduate.She started her own apparel store with an investment of $300,000.In the first year she made a profit of $60,000.If she had taken up a job as a fashion editor for a magazine, she would have earned $50,000 as salary per year.Also, she could have invested her capital, $300,000, in treasury bonds and earned an interest of $12,000.Thus, the amount $62,000 ($50,000 + $12,000) would be Samantha's _____.


A) social cost
B) break-even price
C) reservation price
D) opportunity cost

E) A) and B)
F) B) and C)

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Manufacturers of electric fragrance diffusers sell the electric outer device at an extremely low price, sometimes even at a loss.However, they make their money on the product by charging a premium on the perfume refills that have to be replaced regularly.Which of the following business models does this best illustrate?


A) Razor-razor-blade
B) Subscription based
C) Freemium
D) Pay-as-you-go

E) None of the above
F) B) and D)

Correct Answer

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