According to the narrow view of economic model of corporate social responsibility (CSR), only philanthropy done for reputational reasons and financial ends is ethically responsible. What is the justification for this statement?
What will be an ideal response?
According to the narrow view of economic model of corporate social responsibility (CSR), only philanthropy done for reputational reasons and financial ends is ethically responsible because business managers are the agents of owners. They have no right to use corporate resources except to earn owners greater returns on their investment.
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The practice of charging a very low price for a product with the intent of driving competitors out of business or out of a market is called ______________.
A. status quo pricing B. predatory pricing C. price skimming D. penetration pricing
The bullwhip effect is ______.
A. enhanced if the lead time is longer B. minimized if the lead time is longer C. enhanced if the lead time is shorter D. enhanced if the lead time is fluctuating
Describe the potential benefits and risks of outsourcing customer service activities.
What will be an ideal response?
If a company owns more than 20% of the stock of another company and the stock is being held as a long-term investment, which method would the investor normally use to account for this investment?
A. Fair value method. B. Cost with amortization method. C. Historical cost method. D. Effective method. E. Equity method.