Asked by Riana Doretti on Apr 29, 2024
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Ben-Hal Mining, a coal mining company, invests significant funds in land, soil, and water reclamation and conservation projects in every community impacted by its operations. This is an example of a corporate social responsibility objective requiring an extensive capital investment by Ben-Hal Mining.
Corporate Social Responsibility Objective
A self-regulated business model that helps a company be socially accountable—to itself, its stakeholders, and the public.
Capital Investment
Funds spent by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.
Land Reclamation
The process of creating new land from oceans, riverbeds, or lake beds, or restoring an area to a more usable state.
- Understand the contribution and relevance of corporate social responsibility (CSR) in current business methodologies.
- Comprehend the link between corporate social responsibility endeavors and economic outcomes, as well as the application of managerial accounting techniques in these CSR activities.
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Learning Objectives
- Understand the contribution and relevance of corporate social responsibility (CSR) in current business methodologies.
- Comprehend the link between corporate social responsibility endeavors and economic outcomes, as well as the application of managerial accounting techniques in these CSR activities.
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