The Classical view of CSR has to do with entities looking at social issues that pertain...
The Classical view of CSR has to do with entities looking at social issues that pertain to internal and external customers in order to make sound management business decisions.
Select One:
A. True
B. False
Homework Answers
The statement is False
The classical view of CSR was endorsed by Milton Friedman, who was an Nobel prize winning economist.
As per classical view of CSR, business is a profit making entity. The only responsiblity of the business as an economic institution is to provide goods and services to the society and maximize shareholder's wealth.
Maximation of shareholder's wealth will happen when the supreme goal is profit maximization. The only social obligation of the business is to not break the law.
Other than that, businesses shouldn't engage in any such social activities that would add up to costs and decrease profits.
Thus, the statement is False.
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The Classical view of CSR has to do with entities looking at
social issues that pertain...
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True Or False 10. Management has the responsibility of adopting sound accounting policies and development of...
True Or False
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1-Apply Figure 3.1 to Patagonia to determine its view of ethics. Is it in only one...
1-Apply Figure 3.1 to Patagonia to determine its view of ethics.
Is it in only one of the quadrants, or is it in more than one?
Explain.
2-Describe how Patagonia has considered the Triple Bottom Line
when exercising stewardship decisions for Patagonia.
3-In which Corporate Social Responsibility perspective would you
place Patagonia? Explain.
4-Apply Figure 3.8 to illustrate Patagonia’s (Chouinard’s)
commitment to corporate social responsibility.
3.1 figure on ethics
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Question 2 Not yet answered A professional sport organization may partner with Pepsi to promote green initiatives, which could include Points out of 5.00 Flag Select one: a. distributing drink coupons b. purchasing as much soda as possible c. use of plant based bottles question Question 3 Not yet answered Recent surveys of sport executives regarding environmental initiatives have found that Points out of 5.00 Flag question Select one: a. most sport organizations oppose environmental protectionism b. most sport organizations...
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1-Apply Figure 3.1 to Patagonia to determine its view of ethics.
Is it in only one of the quadrants, or is it in more than one?
Explain.
2-Describe how Patagonia has considered the Triple Bottom Line
when exercising stewardship decisions for Patagonia.
3-In which Corporate Social Responsibility perspective would you
place Patagonia? Explain.
4-Apply Figure 3.8 to illustrate Patagonia’s (Chouinard’s)
commitment to corporate social responsibility.
3.1 figure on ethics
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Twelve hundred Walmart buyers, a group legendary for their
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