Under the Social Responsibility Philosophy, Which of the Following Best

question 26

Multiple Choice

Under the social responsibility philosophy, which of the following best describes what the government's role in corporate governance should be?

• A) Governments should dictate how businesses run their corporate governance systems to ensure equality and fair competition.
• B) Governments need to be actively engaged in affording both protection and accountability for corporate power and decisions.
• C) Governments should take a hands-off approach to regulating corporate governance and let the corporations take care of it.
• D) Governments should wait until after a crisis, such as the Asian economic crisis, before intervening with corporate governance procedures.
• E) Governments have influence on neither corporate governance nor the overall success of corporations on a global level.

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Definitions:

Autotroph

Producer. Organism that makes its own food using energy from the environment and carbon from inorganic molecules such as carbon dioxide.

Chemical Energy

A form of potential energy stored in the bonds of chemical compounds, released during chemical reactions.

Photorespiration

A process in plant metabolism where oxygen is consumed and carbon dioxide is released, typically reducing the efficiency of photosynthesis.

C4 Plants

Plants that utilize the C4 carbon fixation pathway, enabling them to photosynthesize more efficiently in high light and temperature conditions than C3 plants.