From Friedman's Perspective, a Conception of Corporate Social Responsibility (CSR)

question 15

Multiple Choice

From Friedman's perspective, a conception of corporate social responsibility (CSR) that differs from shareholder value maximization must be costly and can have only two interpretations-either a political process is to be used to make decisions or ________.

• A) managers are to act as agents rather than as principals
• B) managers are to act as principals rather than as agents
• C) shareholders are to act as principals rather than as agents
• D) consumers are to act as principals rather than as agents

Grasp the humanistic approach to personality, including self-actualization.

Understand the relevance and application of factor analysis in personality psychology.

Acknowledge the role of cultural and gender differences in shaping self-concept.

Describe the mechanisms of self-verification and self-enhancement.

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Definitions:

Domestic Relationships

Interpersonal relationships that are characterized by a significant degree of personal intimacy or commitment, including family relationships and cohabitation.

Binding

The quality of being legally enforceable or imposing duties on the parties involved.

Enforceable Contract

A legal agreement that can be upheld in court, usually because it meets all necessary legal requirements.

Written Contract

A legally binding agreement between two or more parties that is expressed in written form.