Describe the three major concepts of social responsibility.
What will be an ideal response?
The three concepts of social responsibility include profit responsibility, stakeholder responsibility, and societal responsibility. Profit responsibility holds that companies have a simple duty to maximize profits for their owners or stockholders. Stakeholder responsibility focuses on the obligations organizations have to those who can affect achievement of their objectives, including customers, employees, suppliers, and distributors. Societal responsibility refers to obligations that organizations have to the preservation of the ecological environment and to the general public.
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The failure of Cracker Jack cereal is an example of consumers' ________ dictating that the extensions were inappropriate for the brand
A) brand knowledge B) brand equity C) brand stature D) power grid E) brand salience
Bernie was conducting a massive securities fraud scam utilizing emails and FedEx to perpetrate the fraud. If arrested, federal prosecutors are likely to charge Bernie with securities fraud and ________.
A. wire fraud, but not mail fraud since Fed Ex is not the postal service B. mail fraud, but not wire fraud since emails are not covered under the wire fraud statute C. nothing else, since federal prosecutors are not allowed to file multiple charges against the same defendant D. both mail fraud and wire fraud
Chapter 9 of your textbook identifies three elements of competencies in a community of practice. These are a sense of joint enterprise, relationships of mutuality, and a shared repertoire. A person learning from, reinforcing, and adding to the culture of their community of practice is an example of _____________.
a. Sense of joint enterprise b. Relationships of mutuality c. Shared repertoire d. None of the above
Which of the following assignments are recognized by law?
A) those that materially change the duty of the obligor B) those that are forbidden by state statute C) those that involve the present transfer of an existing right D) personal services contracts