Many Executives and Corporate Boards of Directors Do Not Perceive

question 20

Multiple Choice

Many executives and corporate boards of directors do not perceive social responsibility as part of their mission or responsibility.These business leaders consider corporate social responsibility to be

• A) a basic requirement of any business.
• B) the equivalent of the AMA ethical value "Do no harm."
• C) the key to operational effectiveness.
• D) a component of basic business ethics.
• E) beyond the norms of corporate ethical behavior.

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Definitions:

Wagner Act

Also known as the National Labor Relations Act of 1935, a foundational US law that established the rights of workers to organize into unions and engage in collective bargaining.

Management and Labor

The relationship and dynamics between employers (management) and workers (labor), often involving negotiation, cooperation, and sometimes conflict.

Sherman Antitrust Act

A landmark federal statute in the United States passed in 1890 aimed at promoting economic competition by prohibiting monopolies, cartels, and other forms of anticompetitive business practices.

Monopolies and Trusts

Economic structures or arrangements where a single entity or a group controls a significant portion of market share, limiting competition.