Give a concise but thorough answer to the following chapter discussion questions.Chapter 7:1. What is workforce reduction? How does it affect employees, consumers, and the local community? What steps should a company take to address these effects?2. Describe the differences between workplace diversity and equal employment opportunity. How do these differences affect managerial responsibilities and the development of social responsibility programs?3. Why it is important to understand the profiles of different generations at work? How can managers use the ACORN principles to develop a strong sense of community and solidarity among all employee groups?Chapter 8:1. List and describe the consumer rights that have become social expectations of business. Why have some of these rights been formalized through legislation? Should these rights be considered ethical standards?2. What is the purpose of a boycott? Describe the characteristics of companies and consumers that are likely to be involved in a boycott situation. What circumÂstances would cause you to consider participating in a boycott?3. Define community as a business stakeholder. Is it better to define community in a narrow or broad fashion? Explain.Chapter 9:How have changes in the business environment contributed to the growing trend in strategic philanthropy?Compare cause-related marketing with strategic philanthropy. What are the unique benefits of each approach?Describe the four-stage process for planning and implementing strategic philanthropy.
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