According to the Classical View of CSR, the Principal Obligation

question 76

True/False

According to the classical view of CSR, the principal obligation of management should be to owners and shareholders.

Recognize the societal prevalence of obesity and associated health risks.

Understand the concept of temperament and its long-term stability from infancy through adolescence.

Recognize the major issues in developmental psychology, including nature vs. nurture, continuity vs. stages, and stability vs. change.

Grasp the influences of heredity and experiences on human development.

---

Definitions:

Operating Policy

Guidelines or principles that direct the operations and decision-making processes within an organization or business.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make strategic decisions for a corporation.

Articles of Incorporation

Legal documents filed with a state government to legally establish a corporation.

Shareholder Approval

The process by which shareholders vote to approve or reject proposed actions by a corporation, often required for major decisions or changes.