Which of the Following Refers to the Obligation of an Organization

question 47

Multiple Choice

Which of the following refers to the obligation of an organization to its stakeholders as well as its own interests?

• A) Altruism
• B) Corporate social responsibility
• C) Philanthropy
• D) Corporate interest

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Definitions:

Fraudulent Misrepresentation

The intentional act of making a false statement about an important fact to induce another person into entering a contract or transaction.

Intentional Harm

Deliberate actions taken by an individual or entity that are meant to cause injury or damage to another.

Conversion

In law, the unauthorized act of possessing or controlling personal property belonging to another, effectively converting it to one's own use.

Nuisance

An act, condition, or thing that interferes with the use or enjoyment of property or may be harmful or annoying to others.