Which of the Following Statements Is True About the Pyramid

question 22

Multiple Choice

Which of the following statements is true about the pyramid of corporate social responsibility?

• A)It states that philanthropy should be the most important function of a corporation.
• B)It states that ethical responsibilities of a corporation provide the basis for other responsibilities.
• C)It states that if a company does not make a profit, then the other responsibilities are moot.
• D)It states that social responsibility efforts should be focused on the external and not the internal stakeholders of a corporation.

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Definitions:

Objective Function

A mathematical expression that defines the goal of an optimization problem, e.g., to maximize profits or minimize costs.

Solved

A situation or problem that has been resolved, answered, or dealt with successfully.

Shadow Price

An estimated price for something that is not normally bought or sold in the market, often used in constrained optimization to value the cost of using an additional unit of a scarce resource.

Maximization Problem

A type of optimization that involves finding the maximum value of a function within a given domain, often subject to constraints.