CSR
What is the full name for CSR?
Corporate Social Responsibility
What type of account is retained earnings?
Shareholders Equity
What are the 4 P's of Marketing?
Price, Promotion, Place, Product
Is "Peace and Justice" one of the 17 sustainable goals discussed in the video we watched
Yes
Which one of our grandpa's graduated from Watertown highschool
Dylan's
What company did we examine specific CSR initiatives in our second class?
Ben & Jerry's
How do you increase a prepaid expense account? (Debit or Credit)
Debit (Prepaid Expense is an asset account)
What is the value of a bottle of water? Give two specific examples
Answers may vary, Examples: Quench your thirst, portable, cheap, disposable,
Economy, society, environment
What is Frank's Major?
Actuarial Science
What was the CSR program that Samsung is involved in that we looked at last class?
Providing light and electricity to communities of need in Africa
What part of the balance sheet does Sales Revenue go?
It is not on the balance sheet, it is included in the income statement
Explain the concepts from the coffee video we watched while learning about marketing?
Everyone has a different perspective on what they value; cost, taste, environment.
This key principle of sustainability relates to sustainability being worldwide?
How to spell "Her" name?
Mengyao
Give two examples of sacrifices companies make in order to implement CSR programs
Answers may vary; Profit, time (different types), etc.
A company buys inventory for $500. The company pays $250 in cash for the inventory and then the rest on account. What is the required journal entry?
Debit: Inventory $500
Credit: Cash $250
Accounts Payable $250
Define what marketing is?
Creating, delivering, and communicating value to consumers
This dimension of sustainability relates to funding/ the money behind sustainability
Which one of us lives on campus?
Dylan
Name one responsibility in the CSR pyramid from our first class
Ethical, Legal, Economic, Philantropic
A company buys equipment for $750 in cash. To fund this purchase, the company signed a note with a bank for $1,000 to be paid at a later date (ignore interest). What is the required entry? (Hint there's two entries to be made)
First Entry:
Debit: Cash $1,000
Credit: Notes Payable $1,000
Second Entry:
Debit: Equipment $750
Credit: Cash $750
If you were to guess what a possible fifth P for marketing is, what would it be and why?
People, because they are who you are delivering the value to
This sustainability goal relates to you as students
Quality of Education
What year are we in college?
Junior