Michael Porter Argues That Corporate Social Responsibility Should Be Addressed

question 18

Multiple Choice

Michael Porter argues that corporate social responsibility should be addressed by a firm:

• A)For reasons of reputation, customer expectations and anticipated legislation because it is ultimately in the firm's profit interests
• B)Because there is a "moral imperative" to do so
• C)The owners no longer "own" the firm in a meaningful sense.
• D)Answers a and b

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Definitions:

Tenancy at Will

A rental agreement allowing the tenant to occupy the property without a fixed term, terminable by either party at any time.

Estate at Sufferance

A situation where a tenant continues to occupy property after the lease term has ended, without the landlord's permission.

Leases Property

A contractual arrangement where a lessor (owner) grants a lessee (tenant) the right to use property for a specified period in exchange for rent or other considerations.

Tenancy in Common

Tenancy in Common is a form of co-ownership where each tenant owns a separate and undivided interest in the property, which does not automatically pass to the other tenants upon death.