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1.    Corporate social responsibility is the idea that businesses interact with the organization’s stakeholders for social good while they pursue economic goals.  [Answer True or False]

 

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2.    The capability of corporations to influence government, the economy, and society, based on their organizational resources is called the big business principle. [Answer True or False]

 

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3.  Huge businesses can disproportionately influence politics, shape tastes, and dominate public discourse.

[Answer True or False]

 

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4.  Corporate power says that in the long run, those who do not use power in ways that society considers responsible will tend to lose it. [Answer True or False]

 

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5.  Given the immeasurable power in the hands of the leaders of large, global corporations, social responsibility has become a worldwide expectation. [Answer True or False]

 

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6. Corporate power refers to: [Select the letter corresponding to the answer]

A. The capability of competitors to influence legislation, trade, and the stock market, based on their organizational resources.

B. The capability of politicians to influence corporations, employees, and unions, based on their organizational resources.

C. The capability of corporations to influence government, the economy, and society, based on their organizational resources.

D. The capability of CEOs to influence product development, employee morale, and currency indices, based on their organizational resources.

 

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7.  The iron law of responsibility says that: [Select the letter corresponding to the answer]

A. In the long run, those who do not use power responsibly will lose it.

B. In the short run, sacrifice social goals for economic goals.

C. Law is most important, more than social or economic responsibility.

D. In the long run, economic responsibility leads to social responsibility.

 

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8.  Corporations have a role in establishing their community’s: [Select the letter corresponding to the answer]

A. Tax base.

B. Safety.

C. Economic growth.

D. All of the above.

 

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