In Regard to the Link Between CSR and Economic Performance

question 20

Multiple Choice

In regard to the link between CSR and economic performance:

• A)There is conclusive evidence of a direct, positive link between CSR and economic performance
• B)No studies report a definitive positive relationship.
• C) Almost all studies find a negative relationship or no relationship.
• D) It appears some firms are not cut out for a CSR-intensive strategy.

Understand the basic principles of international trade and comparative advantage.

Identify and explain the effects of tariffs, quotas, and other trade barriers on international trade.

Recognize the significance of opportunity cost in trade decisions.

Differentiate between absolute and comparative advantages in international trade.

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Definitions:

Social Purpose

The broader, communal objectives or contributions that an action, policy, or organization aims to address or fulfill.

Workers' Needs

The essential requirements of employees to perform their tasks effectively, including physical, psychological, and social needs.

Calling

A strong urge toward a particular way of life or career; a vocation.

Positive Institution

Organizations or societal structures that promote well-being, positive values, and the betterment of individuals or communities.