MNGT 482 EXAM – Flashcards
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Corporate power refers to:
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The capability of corporations to influence government, the economy, and society based on their organizational resources
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Which of the following statements is true about corporate social responsibility?
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A&C: -Businesses should monitor and prevent social problems in advance of their becoming major issues. -Corporations should be accountable for any actions that affect people, their communities and the environment
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Modern corporations should be socially responsible because they
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create jobs, influencing the lives of employees
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Which of the following is not an example of the charity principle?
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supporting a governmental protection agency
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HP Brazil, a subsidiary of Hewlett-Packard, developed the digital garage project to:
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Empower less privileged brazilian youth to participate in the growing technological society
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Which of the following examples does not show a company guided by enlightened self-interest?
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A company breaking past records by maximizing quarterly profits
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Reasons for adopting an enlightened self-interest approach is:
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-Reasonable short run costs are incurred but socially responsible activities are promoted -The publics attitude toward the company is positive in the long run -the stockholders pressures for short run profits are satisfied (all the above)
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Scholars have found
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a positive association between social and financial performance
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which of the following is an argument in favor of corporate social responsibility
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discourages government regulation
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which of the following is an argument against corporate social responsibility
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requires skills businesses may lack.
