Michael Novak's "Seven Plus Seven" Responsibilities of a Corporation Relate

question 59

True/False

Michael Novak's "seven plus seven" responsibilities of a corporation relate to the social responsibilities of a corporation.

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Definitions:

Per Unit

A term used to describe the measurement or pricing of something in individual units or on a per-item basis.

FICA

Federal Insurance Contributions Act, a U.S. law requiring a deduction from employees’ paychecks and employer contributions to fund Social Security and Medicare.

Economic Analysis

The systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving specific objectives.

Workers Pay

The compensation, including wages, salaries, and benefits, that an employee receives from an employer in exchange for their labor.