Under the Corporate Citizenship Theory of the Social Responsibility of Business,a

question 115

True/False

Under the corporate citizenship theory of the social responsibility of business,a business has multiple obligations,but these obligations are only to those who have some direct interest or connection with the business.

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Definitions:

Marx

Karl Marx, a 19th-century philosopher, economist, and revolutionary socialist whose works about the struggles between classes under capitalism are foundational to the development of communist theory.

Weber

A reference to Max Weber, a German sociologist and political economist whose theories on authority, bureaucracy, and social stratification have significantly influenced the field of sociology.

Davis and Moore

Sociologists who proposed a functionalist theory suggesting that social stratification has beneficial consequences for the operation of society.

Feudalism

A social system in medieval Europe where the nobility held lands from the Crown in exchange for military service, and vassals were in turn tenants of the nobles, while the peasants were obligated to live on their lord's land and give him homage, labor, and a share of the produce.