Which of the Following Is a Good Way for a Business

question 18

Multiple Choice

Which of the following is a good way for a business to express its commitment to corporate citizenship?

• A) By establishing community relations programs.
• B) By behaving responsibly toward all its stakeholders.
• C) By correcting problems associated with its operations.
• D) All of the above.

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Definitions:

Contractual Relationships

Contractual Relationships refer to a legally binding agreement between two or more parties, typically involving the exchange of goods, services, money, or promises.

Protestant Ethic

A concept in sociology that associates the rise of capitalism with Protestant values of hard work, frugality, and diligence.

Spirit of Capitalism

A term from Max Weber's sociology referring to the set of ethical and cultural values that encourage hard work, frugality, and efficiency in pursuit of economic success.

Iron Cage

A concept introduced by Max Weber to describe the increased rationalization inherent in social life, particularly in Western capitalist societies, leading to individuals feeling trapped by systems and bureaucracy.