According to Archie Carroll's Pyramid of Corporate Social Responsibility, a Firm's

question 28

Multiple Choice

According to Archie Carroll's pyramid of corporate social responsibility, a firm's ______ is to do no harm to its stakeholders within its operating environment.

• A)economic responsibility
• B)legal responsibility
• C)ethical responsibility
• D)discretionary responsibility

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Definitions:

Par

Typically refers to a face value of a bond or stock that is set at issuance, or the stated value of a currency.

Principal Amount

The original sum of money borrowed in a loan, or invested, on which interest is calculated.

Maturity

Maturity is the date on which the principal amount of a bond, loan, or other financial instrument is to be repaid in full to the investor or lender.

Stated Interest Payment

The amount of interest that a bond or loan promises to pay to its holder, usually expressed as an annual percentage of the principal.