Stability Can Be Viewed in Two Ways⎯as the Ability of a Given

question 47

True/False

Stability can be viewed in two ways⎯as the ability of a given government to stay in power in the country and as the permanence of government policies toward business.A country that is stable in both respects is preferable because managers have a higher probability of successfully predicting how government will affect their businesses.

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Definitions:

Social Responsibility

The obligation of individuals, organizations, and businesses to act for the benefit of society at large, often encompassing ethical behavior and sustainable practices.

Philanthropic

Pertaining to the act of donating money, goods, services, or time to the needy, directly or through a charitable foundation.

Legal Obligation

A requirement enforced by law that mandates individuals or entities to act or refrain from certain actions.

Social Responsibility

The obligation of organizations to act in ways that benefit society and the environment beyond their immediate business interests.