Who Usually Determines a Corporation's Approach to Social Responsibility

question 102

Multiple Choice

Who usually determines a corporation's approach to social responsibility?

• A) government
• B) stockholders
• C) top executives
• D) board of directors

---

Definitions:

Fair Value

An estimate of the market value of an asset or liability, based on the price that willing parties would agree to in an arm's length transaction.

Involuntary Dissolution

The forced dissolution of a corporation or partnership by court order, usually initiated by a shareholder or creditor.

Charter Amendments

Changes made to the charter of a corporation, oftentimes requiring approval from a governing body or the shareholders.

Plurality

A situation in elections where the candidate or party receives more votes than any other but does not achieve an absolute majority.