Examlex
Which of the following illustrates the defensive stance to social responsibility?
Sears has started to support artists and performers.
Many firms sponsor youth athletic teams.
Tobacco companies place health warning labels on their products because they are required to do so by the government.
Many organizations respond to requests for donations to community hockey teams, Girl Guides, and youth soccer programs.
Many companies match employee contributions to approved causes.
Limited Liability
A legal principle that limits an investor's loss in a business venture to the amount of capital invested, protecting personal assets from business debts and obligations.
Tax-Exempt Status
A designation that exempts specific entities or income from tax under federal or state laws.
Personal Assets
Items of value owned by an individual, including both tangible and intangible assets, such as cash, property, investments, and intellectual property.
Insolvent
The condition of being unable to pay off owed debts as they become due.
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