The Approach That Justifies Corporate Expenditure on Socially Responsible Activities

question 3

Multiple Choice

The approach that justifies corporate expenditure on socially responsible activities by suggesting that there is an implied social contract between a company and society that ensures the company's validity and survival as long as its activities are consistent with society's values is:

• A) enlightened self-interest
• B) stakeholder management strategy
• C) legitimacy theory
• D) ethical universalism

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Definitions:

Sodium

A chemical element with the symbol Na and atomic number 11, which is a soft, silvery-white, highly reactive metal and is found in many salts, including table salt.

Fallacies

Errors in reasoning that render arguments logically invalid, often due to misleading premises or irrelevant points.

Composition

The way in which something is made up or put together from various parts or elements.

Hasty Generalization

An error in reasoning where the conclusion isn't supported by enough objective evidence.