Which term is defined as a voluntary initiative whereby companies embrace core values in the areas of human rights, labor standards, the environment, and anticorruption?

Study for the APICS CPIM Exam 1. Prepare with expertly crafted flashcards, multiple-choice questions, and detailed explanations. Gear up for success!

Multiple Choice

Which term is defined as a voluntary initiative whereby companies embrace core values in the areas of human rights, labor standards, the environment, and anticorruption?

Explanation:
The term described is the United Nations Global Compact. It’s a voluntary framework in which companies commit to aligning their strategies and operations with universal principles in four areas: human rights, labor standards, the environment, and anti-corruption, and to report on their progress. This initiative was created to encourage business to integrate these values into everyday practice and governance. The other terms don’t fit because they refer to unrelated concepts: zone picking is a warehouse order-picking method, a zone or VATI Analysis aren’t frameworks for corporate social responsibility, so they don’t capture the idea of a global, values-based initiative like the UN Global Compact.

The term described is the United Nations Global Compact. It’s a voluntary framework in which companies commit to aligning their strategies and operations with universal principles in four areas: human rights, labor standards, the environment, and anti-corruption, and to report on their progress. This initiative was created to encourage business to integrate these values into everyday practice and governance. The other terms don’t fit because they refer to unrelated concepts: zone picking is a warehouse order-picking method, a zone or VATI Analysis aren’t frameworks for corporate social responsibility, so they don’t capture the idea of a global, values-based initiative like the UN Global Compact.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy