"The social responsibility of business managers is simply to pursue profit within the law." How does the economic model of corporate social responsibility (CSR) justify this statement?

What will be an ideal response?


According to the economic model of corporate social responsibility (CSR), profit is an indication that business is efficiently and successfully producing the goods and services that society demands. Profit is, therefore, a direct measure of how well a business firm is meeting society's expectations.

Business

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In the center of Porter's Five Forces model is competition. Which of the following represents the four outer boxes?

A. Buyer power, systems power, threat of new entrants, and threat of substitute products or services B. Business power, supplier power, threat of new entrants, and threat of powerful services C. Buyer power, supplier power, threat of new entrants, and threat of substitute products or services D. Buyer power, systems power, threat of false entrants, and threat of substitute products or services

Business

What would opponents of the socioeconomic model argue to support their position?

What will be an ideal response?

Business

Dihydrogen oxide is a major air pollutant regulated under the Clean Air Act

a. True b. False Indicate whether the statement is true or false

Business

According to the GLOBE study, Institutional Collectivism refers to:

a. The degree to which the culture values collective action and collective distribution of resources b. The degree to which the culture values task completion and excellence c. The degree to which the culture invests in the future rather than the present or past d. The degree to which the culture values fairness, generosity and kindness

Business