Businesses Today Must Recognize That They Are Not Just Responsible

question 41

Multiple Choice

Businesses today must recognize that they are not just responsible to their local constituency; they have rights and duties that apply to a global community and thus must be concerned with common humanity.This statement best reflects:

• A)Business citizenship
• B)Equivalent view of Corporate Citizenship
• C)Extended view of Corporate Citizenship
• D)Limited view of Corporate Citizenship
• E)None of the answers

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Definitions:

Regional

Refers to activities, strategies, or influences focused on specific geographic areas or regions, often taking into account local customs, needs, or resources.

Cross-Border Merger

A transaction where companies from different countries merge to create a new entity or one absorbs the other, expanding their global footprint and operational reach.

Joint Venture

A business agreement between two or more parties to jointly undertake a specific project or business activity, sharing profits, losses, and control.

Ethnocentrism

The belief in the superiority of one's own cultural group, often accompanied by a disregard for other cultures.