Michael Porter and Mark Kramer's Notion of "Shared Value" Reconceptualizes

question 19

Multiple Choice

Michael Porter and Mark Kramer's notion of "shared value" reconceptualizes CSR (corporate social responsibility) by emphasizing:

• A)CSR as a value creating activity
• B)CSR as a source of legitimacy for a company
• C)CSR a means of transferring value from shareholders to less fortunate members of society
• D)CSR as a counterweight to greed and amorality among managers and investors.

---

Definitions:

Qualified Pension Plan

A retirement plan that meets the requirements set by the Internal Revenue Code, thereby offering tax benefits such as tax-deferred growth on earnings and deductible contributions for the employer.

Employer Contributions

Payments made by an employer towards employees' benefits, including retirement plans, health insurance, and other perks.

Defined-Contribution Plan

A retirement plan where both employer and employee contribute to an individual account for the employee, with the final benefit based on the contributions and investment performance.

Profit-Sharing Plan

A retirement plan that gives employees a share in the profits of the company, often vested over time.