Which of the Following Statements About Corporate Spending on Social

question 19

Multiple Choice

Which of the following statements about corporate spending on social issues and community involvement are true?

• A)Corporations should spend whatever is needed to maximize society's well-being.
• B)It is part of a corporation's contract with society to provide funds for the common good.
• C)Most corporations today operate under the rules of socialism.
• D)Managers of corporations try to show how the company's financial donations and community service contribute to the corporate goals.
• E)All of the above statements about corporate spending on social issues and community involvement are truE.

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Definitions:

Ethnocentrism

The tendency to evaluate other cultures according to the standards and customs of one's own culture, often leading to prejudice against other cultures.

Negative Sanctions

Punishments or penalties applied by a society or a group within a society against its members who violate established norms, laws, or expectations.

Authoritative Body

An organization or institution possessing the power, credibility, and legitimacy to enforce rules, make decisions, and govern within a specific domain or sector.

Formal Institution

An establishment founded on established laws and organized principles, playing a critical role in society, such as governmental bodies, educational institutions, and corporations.