In the First Stage of Corporate Citizenship

question 42

Multiple Choice

In the first stage of corporate citizenship:

• A) The company must learn how to tackle the problem and make the new policy work.
• B) Managers are uninterested and uninvolved with social issues.
• C) Supervisors and managers become familiar with new routines that are necessary to cope with a social problem.
• D) A company must institutionalize it new social policy and make it a part of standard operating procedures.

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Definitions:

Listening Errors

Mistakes made in the process of listening that can lead to misunderstandings or misinterpretations.

Focusing Solely

Giving undivided attention or concentration to a single task, objective, or aspect, ignoring distractions or related issues.

Bounded Rationality

Bounded rationality refers to the concept that in decision-making, the ability of individuals to make rational decisions is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make decisions.

Imperfect Information

A situation where all parties in a transaction do not have the same or complete information, often leading to inefficiencies in decision making.