In the context of the Davis model of corporate social responsibility, it is important for businesses to act in socially responsible ways because businesses
A. have a significant impact on societal issues such as environmental pollution and minority employment.
B. can then focus solely on the degree of economic profit to be earned and thus gain social power.
C. form a central core from which communities derive their social values.
D. have a social obligation to create goods and services for the masses.
Answer: A
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What has research shown about the value Americans place on the ethical nature of their employer?
a. A minority of Americans consider an ethical culture a very important component in an employer. b. The majority of Americans do not consider ethics when looking for an employer. c. Most Americans would like to work for an ethical company but do not consider it a priority. d. A vast majority believe it is highly important to work for an ethical company.
When will the payback method be useful as a quick approximation of the discounted cash flow methods?
a. When cash flows are round figures b. When cash flows follow similar patterns c. When cash flows are of small amounts d. When cash flows are recovered in a period of 5 years
When a movie theater increases its price from $6 to $7, its quantity demanded decreases from 600 to 400 seats. Its price elasticity of demand (expressed as a positive number) equals _____
a. 0.2 b. 0.9 c. 1.8 d. 2.6
Joint venturers generally have equal rights to manage a joint venture
Indicate whether the statement is true or false