When Responding to Stakeholder Concerns, the Ability of the Firm

question 50

Multiple Choice

When responding to stakeholder concerns, the ability of the firm to maximize opportunity and minimize risk is known as the ______.

• A)CSR target
• B)CSR Threshold
• C)optimum CSR
• D)CSR sweet spot

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Definitions:

Fewer Inputs

Utilizing a smaller amount of resources or factors of production to achieve a particular output.

Specialization

A process wherein individuals or businesses focus on producing a limited range of goods or services to gain greater efficiency and productivity.

Trade

The swapping of goods, services, or both among two or more entities.

Opportunity Cost

The loss incurred from potential opportunities when one choice is made over others.