Which of the Following Is a Feature of Firms Practicing

question 22

Multiple Choice

Which of the following is a feature of firms practicing corporate social responsiveness?

• A) They stick to a rigid organizational plan,irrespective of the conditions.
• B) They keep the needs of stakeholders in the back-burner and concentrate on social issues.
• C) They seek to influence employee behavior by controlling employee interaction inside the organization.
• D) They monitor and assess environmental conditions on a constant basis.

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Definitions:

Usury Laws

Regulations governing the maximum interest rate that can be charged on loans, intended to protect borrowers from excessively high rates.

Rent Control

Government-imposed restrictions on the maximum rent that landlords can charge tenants, usually with the aim of making housing more affordable.

Price Ceiling

A price ceiling is a government-imposed limit on how high a price can be charged for a product or service, intended to protect consumers from excessive costs.

Price Ceiling

A legally established maximum price that can be charged for a product or service, often set by government to prevent prices from reaching excessively high levels.