For His Class in Ethics,Isaac Examined the Practices of a Number

question 108

Multiple Choice

For his class in ethics,Isaac examined the practices of a number of nationally focused and international firms to determine how ethics and corporate social responsibility were being practiced.He found:

• A) firms could be both ethical and socially responsible.
• B) firms could be ethical and yet not socially responsible.
• C) firms could be neither ethical nor socially responsible and still be part of the business community.
• D) firms could have questionable ethical practices yet donate money to the community for socially responsible causes.
• E) all of these.

Understand the incentives and outcomes related to collusion among oligopolists.

Understand the concept of economic profits and losses in different market structures.

Recognize the factors leading to the emergence of monopolies and how they can maintain their monopoly power.

Identify the role of barriers to entry in maintaining a firm's market power.

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Definitions:

Triple Bottom Line

A sustainability framework that includes three performance dimensions: social, environmental, and financial.

Treadmill of Production Theory

A theory suggesting that economic growth and consumerism are perpetually driven by the demands of capitalism, often at the expense of the environment and human well-being.

Enbridge Gas Pipeline

A network of pipelines operated by Enbridge Inc., used for the transportation and distribution of natural gas across North America.

Environmental Threat

A potential harm or danger posed to the natural environment, often caused by human activities or natural disasters.