What Did Charles Handy Argue in His 2002 Harvard Business

question 43

Multiple Choice

What did Charles Handy argue in his 2002 Harvard Business Review article?

• A)A corporation should not waste time on CSR initiatives.
• B)If businesses are not making large profits, they should not exist.
• C)Firms should make satisfying shareholders their first priority.
• D)A business has to have a motivation other than merely making a profit in order to justify its existence.

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Definitions:

Accounts Payable

Funds that a company needs to pay back to its suppliers or creditors for products and services that it has acquired.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, showing revenues, expenses, and profits or losses.

Prepaid Expense

Prepaid Expense represents payments made for expenses which benefits have not yet been received, recognized as assets until they are incurred.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, giving a snapshot of its financial position.