QUESTIONS
Question 1
Corporate social responsibility involves an organization’s duty and obligation to respond to stakeholders and stockholders economic, legal, ethical, and philanthropic concerns and issues
- True
- False
Question 2
Free-Market theory does not imply that a business should aim to make a profit
- True
- False
Question 3
Inequality of information available to companies and stakeholders is not necessarily attributable to imperfect markets
- True
- False
Question 4
As described in our reading material, the two general types of intermediaries to help bridge disclosure gaps are information and non-financial.
- True
- False
Question 5
The free-market system has been more accurately described by Paul Samuelson as a “Mixed Economy”
- True
- False
Question 6
The stakeholder management approach of the corporation is grounded in the concept of a social contract
- True
- False
Question 7
The social contract between a corporation and its stakeholders is often based on explicit agreements alone.
- True
- False
Question 8
The covenantal ethic concept is not related to the social contract and should not be considered in the stakeholder management approach
- True
- False
Question 9
Corporations practice social responsibility in several ways, also known as “External Engagements”
- True
- False
Question 10
One of the things that Keith Davis argues is that the social responsibility of corporations is based on social power.
- True
- False
ANSWERS
Question 1
Corporate social responsibility involves an organization’s duty and obligation to respond to stakeholders and stockholders economic, legal, ethical, and philanthropic concerns and issues
- True
- False
Correct Answer: True
Question 2
Free-Market theory does not imply that a business should aim to make a profit
- True
- False
Correct Answer: False
Question 3
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