Which of the Following Is the Best Explanation Why 'Corporate

question 4

Multiple Choice

Which of the following is the best explanation why 'Corporate social responsibility' is increasingly being used by organisations?

• A)Because corporations are trying to attract younger employees
• B)Because corporations seek to focus on meeting current needs
• C)Because CR is not catching on as a replacement term for CSR
• D)Because corporations must balance the needs of the different stakeholders affected by corporate actions

Examine the effects of different power bases on employee attitudes and behaviors.

Assess strategies for gaining power and influence in organizational settings.

Understand the effectiveness of self-promotion and ingratiation tactics in job search and career advancement.

Evaluate the universal application of certain influence tactics across different targets (subordinates, peers, superiors).

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Definitions:

Minimum-cost Production

A principle in economics where goods and services are produced at the lowest possible cost, maximizing efficiency and resource use.

Normal Profit Rate

Zero economic profit, providing just the competitive rate of return on the capital (and labor) of owners. An above-normal profit will draw more entry into the market, whereas a below-normal profit will lead to an exit of investors and capital.

Contestable Market

A market where companies can enter and exit freely, with low barriers to entry and exit, leading to competitive prices and efficient outcomes.

Low Entry And Exit

Refers to markets where there are minimal barriers to starting or exiting a business, leading to high levels of competition and innovation.