Question

The problem with the view that a corporation should attempt to act in the best interests...

The problem with the view that a corporation should attempt to act in the best interests of all of its various constituencies is that:

Select one:

a. this tactic ignores the corporation's suppliers.

b. corporate managers often have a better sense of what is right.

c. the values of these constituencies may conflict.

d. local communities will not benefit from these values.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Option C.

  • The problem with the view that a corporation should attempt to act in the best interests of all of its various constituencies is that the values of these constitutencies may conflict.
  • To avoid conflicts among stakeholders due to differences among them, Various constitution statues require corporations to consider all the views of corporate stakeholders as each ones interests and views differ from each other.
Add a comment
Know the answer?
Add Answer to:
The problem with the view that a corporation should attempt to act in the best interests...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Managerial Compensation is a highly controversial topic in our society today. Some believe that CEO compensation...

    Managerial Compensation is a highly controversial topic in our society today. Some believe that CEO compensation is warranted while others believe that there should be a cap on the level of compensation managers can earn. After reading the section in Chapter 1 on "The Agency Problem and Control of the Corporation," please weigh in on this debate. Be sure to consider important factors such as agency problems and the concept of maximizing shareholder value. Do these views differ in reference...

  • The most influential theory of corporate responsibility of the past century is: the free society economic theory. the...

    The most influential theory of corporate responsibility of the past century is: the free society economic theory. the neoclassical economic theory. the social contract theory. the stakeholder theory. In which of the following ideas are the ethical roots of the economic model of corporate social responsibility found? The interests of stakeholders are as important as the interests of the corporation's stockholders. Managers are ethically obliged to make as much money as possible for their stockholders because to do otherwise would...

  • Question 1 View Policies Current Attempt in Progress Waterways Corporation is a private corporation formed for...

    Question 1 View Policies Current Attempt in Progress Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects, and private lawns. It has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in six metropolitan areas. The mission of Waterways is to manufacture quality...

  • Veronica is interested in forming a partnership and is conducting research into partnership agreements. Based on...

    Veronica is interested in forming a partnership and is conducting research into partnership agreements. Based on her reading of her Business Law textbook, one of the following statements is incorrect. Choose the statement that is INCORRECT. Select one: a. The rights of outsiders dealing with the partnership, are, without notice, unaffected by any agreement between the partners. O b. A partnership can be found to exist by the courts even where parties clearly state in a contract that they are...

  • Question 5 /1 View Policles Current Attempt in Progress Pina Corporation made the following cash purchases...

    Question 5 /1 View Policles Current Attempt in Progress Pina Corporation made the following cash purchases of securities during 2020, which is the first year in which Pina invested in securities 1. On January 15, purchased 9,400 shares of Sanchez Company's common stock at $33.50 per share plus commission $1,864 On April 1, purchased 4,700 shares of Vicario Co.'s common stock at $52 per share plus commission $3,165. 2. 3. On September 10, purchased 6,580 shares of WTA Cos preferred...

  • Reading Schools of Thought on Social Responsibility The following excerpt deals with the various schools of...

    Reading Schools of Thought on Social Responsibility The following excerpt deals with the various schools of thought on social responsibility. These postures can be found across Industries and can be used as a framework for ana lysis of dilemmas. Ethical Postures, Social Responsibility, and Business Practice The ethical perspective of a business often sets the tone for its operations and employees choices. Historically, the philosophical debate over the role of business in society has evolved into four schools of thought...

  • 3. Which two sentences work together to express the topic of Paragraph 27 4. What is...

    3. Which two sentences work together to express the topic of Paragraph 27 4. What is the main idea of Paragraph 3? a. Citizens would benefit significantly from purchasing goods made in their country. b. It is advantageous for workers to adapt swiftly to dynamic economic conditions. c. Workers should change their circumstances as soon as the economy is hit with problems. d. Protectionist policies serve to help workers in certain industries keep their jobs. 5. What is the main...

  • Need help answering marketing questions. Which statement best defines a market? -   organizations with products that...

    Need help answering marketing questions. Which statement best defines a market? -   organizations with products that satisfy people’s needs and wants. -   people with a need and a want for a product. -   people with the desire and ability to buy a product. -   People with the desire and the need for a product. 2. The Detroit Institute of Art (DIA) creates a series of ads featuring upcoming exhibits. Frank, after seeing the ads, spent several days at the DIA...

  • PLEASE HELP THIS IS PHILOSOPHY FOR BUSINESS!!! there was so subject for me to choose so...

    PLEASE HELP THIS IS PHILOSOPHY FOR BUSINESS!!! there was so subject for me to choose so i had to pick econ! will rate plz answer as many as possible and confirm any already right answers plz! Question 1 5 pts For Aristotle, practical judgment (phronesis) is: A: the application of general principles to particular situations B: the application of a mechanical decision procedure to resolve conflicts C: the ability to balance and weigh competing concerns and come to a "fair"...

  • Conduct that is legal is ethically unquestionable. O a. True O b. False It can be...

    Conduct that is legal is ethically unquestionable. O a. True O b. False It can be difficult to predict with certainty how a court will apply a given law to a particular action. O a. True O b. False The study of ethics goes no further than the requirements of the law to evaluate what is right for society, O a. True O b. False The effectiveness of an industry code of ethics is partly determined by the commitment of...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT