The rational argument for corporate social responsibility is summarized by the Iron Law of Social Responsibility, which states that
a. ultimately it is government, not business, that is responsible for a satisfying society.
b. responsibility for a just society is everyone’s responsibility.
c. in a free society, discretionary abuse of societal responsibilities leads, eventually, to mandated reprisals.
d. concern for CSR must be the first priority of the courts.
Ans: C
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Which one of the following would not appear on a bank statement for a checking account?
a. Service charges b. Interest earned c. Outstanding checks d. Deposits
Narrative examples are typically at least 5 times the length of brief examples
a. true b. false
The major difference between a low-cost provider strategy and a focused low-cost strategy is the
A. number of upscale attributes incorporated into the product offering. B. size of the buyer group to which a company is appealing. C. production methods being used to achieve a low-cost competitive advantage. D. amount of outsourcing involved. E. length of the managerial experience curve.
The contention that ethical standards should reflect the collective views of multiple societies in establishing a set of universal ethical principles (that are widely recognized as laying legitimacy to ethical boundaries on actions and behavior in all situations) and in allowing inclusion of a set of prevailing customary actions of local cultures or groups (with their traditions and shared values), that further prescribe to what represents ethically permissible behavior and what does not, constitutes the basic principles of
A. the school of ethical relativism. B. the school of ethical universalism. C. the triple bottom line. D. integrated social contracts theory. E. corporate social responsibility.