Which of the Following Do Advocates of the Broader View

question 35

Multiple Choice

Which of the following do advocates of the broader view of corporate social responsibility believe?

• A)Corporations should not internalize their externalities.
• B)Moral responsibility arises from social power.
• C)Corporations have moral obligations to consumers,to employees,to suppliers and contractors,to the surrounding community,and to society at large.
• D)The moral contract between business and society has changed since the 19th century.

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Definitions:

Financial Statements

Reports that provide a summary of a company's financial performance and position, including balance sheet, income statement, and cash flow statement.

Proprietorship

Proprietorship, also known as a sole proprietorship, is a business owned and operated by one individual, where there is no legal distinction between the owner and the business entity.

Personal Assets

Assets owned by an individual, including property, cash, and investments, that are not associated with any business activities.

Total Liabilities

The sum of all financial obligations or debts that a company has incurred and is responsible for repaying.