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An organization is considered a social economic entity because it operates within a social framework while engaging in economic activities. It interacts with various stakeholders—including employees, customers, suppliers, and the community—thereby influencing and being influenced by social norms and values. Additionally, organizations contribute to economic development by creating jobs, generating income, and driving innovation, all of which have broader social implications. Thus, their operations reflect a blend of social responsibilities and economic objectives.

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4mo ago

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Would American Eagle Outfitters Inc. be considered an economic entity or a social entity Why?

American Eagle Outfitters Inc. would be considered an economic entity because it primarily operates to generate profit through the sale of clothing and accessories. Its main focus is on financial performance, business operations, and market competition. While it may engage in social initiatives or community involvement, these activities are generally secondary to its core objective of economic growth and profitability.


What is economic entity assumption?

Economic entity assumption is an assumption under the Generally Accepted Accounting Principles that separates the stakeholders from the business itself. The business is its own entity. Economic entity assumption is an assumption under the Generally Accepted Accounting Principles that separates the stakeholders from the business itself. The business is its own entity.


The economic social and political organization of Europe during the mid-fourteenth century is most commonly referred to as?

feudalism


What do you mean by social responsibility in a community?

Social Responsibility, when in context with business practices, is the concept that any organization (corporation, entity, LLC, etc) has a certain responsibility to the people, society, or nature which that business comes into contact with.


What does OECD stand for?

OECD stands for, the Organization for Economic Cooperation and Development OECD is an acronym for Organization for Economic Cooperation and Development. OECD is a group of 30 countries that are considered "developed". They promote policies that will improve the economic and social well being of people all around the world.

Related Questions

What is their stand on political issues economic issues social issues etc?

To provide an accurate response, I would need to know which specific group, organization, or individual you are referring to regarding their stance on political, economic, and social issues. Each entity can have a unique perspective shaped by their values, goals, and context. If you specify, I can give a more tailored summary.


What are external forces in an organization?

legal political economic social technological competition


What was a goal of the National Organization for Women at its founding?

Gaining social and economic equality.


What organization was formed to promote economic cooperation and social justice in north and south America?

OAS Organization of American States


Is it true or false that the Lords and Vassals were part of the social political and economic organization known as feudalism or the manorial system?

Yes it is true. Lords and Vassals were part of the social, political, and economic organization known as feudalism or the manorial system.


What is the definition of society?

an extended social group having a distinctive cultural and economic organization


What are the goals of a Business organization?

1. To earn profit 2.To increase its own value as an economic entity 3. To improve the quality of life in the community


What does 'United Nations' mean?

An organization of independent states formed in 1945 to promote international peace and securityThe United Nations is an international organization consisting of nearly all sovereign states. The organization works around international law, international security, economic development, social progress, human rights, and world peace.


What is the definition for herding societies?

an extended social group having a distinctive cultural and economic organization


What is the difference between a reporting entity and a taxable entity?

the difference between a reporting entity and a taxable entity is, a reporting entity is the company or organization and the taxable entity is the individual.


What is the definition of herding society?

an extended social group having a distinctive cultural and economic organization ~XDDXDD~


Around 1000 AD which of these systems was the characteristic form of economic and social organization in northwestern Europe?

Feudal