1. Which of the following statements best describes the possible impact a social audit can have on company costs?
a. There are no possible cost benefits associated with conducting a social audit because this audit focuses on social welfare programs only.
b. A well-designed auditing process can actually uncover areas where operations can be made more efficient and therefore reduce costs.
c. An audit can show that a company can actually save money on employee wages by paying them the same wages to do volunteer work in the community.
d. This type of audit is expensive to conduct, and the only benefits are the better relationships with stakeholders, which can eventually lead to increased profitability.
e. The company learns that community leaders feel the company should take a more active role in the community.
2. Which of the following is least important in becoming an employer of choice?
a. The employer offers the highest pay in the industry.
b. The employer provides competitive compensation and strong benefits.
c. The employer maintains a proper balance between work and personal life.
d. The employer values the human component of business.
e. The employer provides opportunities for training and personal development.