According to Proponents of the Classical View of CSR, What

question 282

Multiple Choice

According to proponents of the classical view of CSR, what drives businesses to make things like healthier foods and energy-efficient products?

• A) the government
• B) profitability
• C) owners and shareholders
• D) a sense of indebtedness to society
• E) pressure from civil society

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Definitions:

Fiduciary Duty of Care

A legal obligation of one party to act in the best interest of another. When related to fiduciary duty, it specifically refers to the care that should be taken by the fiduciary.

Institutional Investors

Organizations that invest large sums of money in securities, real property, and other investment assets on behalf of their members or stakeholders.

Block of Shares

A large number of shares in a company, usually bought or sold in a single transaction.

State Incorporation Statutes

Laws established by individual states that outline the process, requirements, and regulations for the formation of corporations within their jurisdiction.