Business Ethics - Stakeholders, Social responsibility and Corporate Governance
FHNW - IM 1 semester Business Ethics (S. 4)
FHNW - IM 1 semester Business Ethics (S. 4)
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Flashcards
Those who claim in some aspect a firm's products, operations, markets, industrz and outcomes are known as...
Stakeholders provide resources ghat are more or less critical to a companys long term succes.
Which of the following do not tipically engage in transactions with a company and thus are not essential for its survival?
The stakeholder perspective is useful in managing social reaponaibility and business ethics
A firm that makes use of a .... recognizes other stakeholders beyond investors, employess, ans suppliers, and explicitly acknowledges the two-way dialog that exists between a firms internal and external environemnts.
Which of the following industries tends to generate a high level of trust from customers and stakeholders?
Which of the following is NOT a benefit that primary stakeholders tend to provide to organizations?
Social responsibility in business refers to maximizing the visibility of social involvement
Is that statement true or false?
The prioritization of stakeholders and issues lead to the allocation of the company’s resources.
In this context, for example, the urgency of a social responsibility challenge is primarily determined by the possible legal consequences of the issue at hand.
The absence of any negative legal implications for the company always indicates a low degree of urgency of the issue at hand.
Is this statement true or false?
The four-part model of corporate social responsibility is a multi-layered concept, showing a business' responsibilites on economic, ethical, philantropic and environmental level. According to that concept, only if a business meets all four responsibilities , it truely acts socially responsible.
