In which of the following ideas are the ethical roots of the economic model of corporate social responsibility found?
A. Managers must prioritize stakeholders' interests if there is a conflict between the interests of stockholders and the interests of employees, consumers, suppliers, or society.
B. The interests of stakeholders are as important as the interests of the corporation's stockholders.
C. Managers are ethically obliged to make as much money as possible for their stockholders because to do otherwise would undermine the very foundations of our free society.
D. The actions of corporations can and should be restricted by the rights of anyone affected by their decisions.
Answer: C
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Which of the following is a characteristic of a periodic inventory system?
A) The system does not maintain a continuous record of the quantities of inventory on hand or inventory sold B) The system reports how much inventory is on hand at all times. C) The computer tracks inventory upon a sale, and the cost of goods and inventory are immediately updated. D) Purchases of inventory are recorded to the inventory account.
Web-enabled business is often classified by the parties involved in the interaction: business-to-business (B2B), business-to-consumer (B2C), and _____.
Fill in the blank(s) with the appropriate word(s).
When a researcher must communicate with respondents which choice of data collection method may be selected?
A) have person ask questions B) use a computer to assist or to directly ask questions C) allow respondents to answer questions themselves D) any of the above may be selected E) none of the above may be selected
Milton Friedman is a major proponent of the maximizing profits theory of social responsibility
Indicate whether the statement is true or false