The Stakeholder approach to corporate social responsibility says... The corporation is a social stakeholder and needs to be responsible to obey all rules and regulations of the community. The management of a corporation is a stakeholder that must promote all good social values. The employees and customers are stakeholders that should be considered when corporate decisions are made. O The community is a stakeholder that should provide direction and enforcement of the social responsibility of the corporation.
Q: Explain the major theories of corporate social responsibility and give a recent (2020-22) example of…
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Q: Under the stakeholder theory of corporate social responsibility, employees' interests are…
A: Corporate social responsibility (CSR) is the concept that businesses have a responsibility to…
Q: Which of the following best describes social responsibility? a. A corporation's rights, such…
A: Nowadays most companies are corporate social responsibility programs in order to protect natural…
Q: As a newly appointed board member of a private corporation develop a contention in which you…
A: As a newly appointed board member of our esteemed corporation, it is incumbent upon us to delve into…
Q: Identify the typical components of a corporate ethics program.
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Q: 10. CSR Toward Consumers: Duty to not misrepresent or withhold information
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Q: 3. Ethics refers to A)the practice of obeying applicable business laws and regulations B) the…
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Q: Discuss the difference between the terms “ETHICS” and “FAIRNESS.”
A: The objective of this question is to understand the difference between the terms 'Ethics' and…
Q: The majority of large U.S. corporations do not have codes of ethics. True False
A: False. The majority of large U.S. corporations do have codes of ethics. These codes serve as a guide…
Q: Read the parts of your textbook that discusses the issue of stakeholders, and fairness to all…
A: The concepts of Corporate Social Responsibility and Philanthropy are wrongly stated as the same many…
Q: 9. CSR Toward Consumers: Duty to inform fully and truthfully
A: Corporate Social Responsibility is a welfare and concern of a business firm towards its society.…
Q: Should corporation be considered moral agents? Why or why not? Make use of specific arguments from…
A: The query of whether agencies should be considered moral sellers is a complex and debated topic.…
Q: 47. Good business ethics is:a. the lawb. best practicec. entirely voluntaryd. irrelevant to society
A: Good business ethics is typically considered best practice, so the correct answer would be:b. best…
Q: Read Chapter 1 of your textbook titled Intorduction to Law. Upon reading the material, answer the…
A: Law is a vital and necessary cornerstone of modern civilization. It affects human behavior, settles…
Q: According to Trevino and Nelson, the Defense Industry Initiative on Business Ethics and Conduct is…
A: The above question is of selecting correct option.
Q: What essential components of corporate governance according to stakeholder and agency theories have…
A: The core elements of corporate governance are security, accountability, and transparency. A key…
Q: Corporate governance plays a pivotal role in shaping the direction and performance c organizations.…
A: Corporate governance refers to the system of rules, practices, and processes by which a company is…
Q: As a newly appointed board member to the board of trustees at private organization the following…
A: Business ethics refers to the ethical standards and principles that guide the behavior and dynamic…
Q: Write a report that covers potential ethical and corporate responsibility issues in your…
A: A brief conclusion & introduction to the description covers potential moral & corporate…
Q: What are the “Seven Principles of Admirable Business Ethics”?
A: Business ethics are an essential part of any successful company. These principles serve as guides to…
Q: 1
A: The function, flexibility, and fairness signify the purpose, adaptability, and impartiality of laws.…
Q: Who is better suited to make a code of ethics for a business: an individual or the business…
A: peace, and corporate social responsibility.In 1962 the President John f Kennedy present-day speech…
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A: Business ethics is a practice that determines and chalks out what is right, wrong, and appropriate…
Q: What are laws? What is the constitution? What are the staturoy laws? Please provide an example as…
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Q: Discuss the situations in which the corporate entity should be disregarded. Describe any situations…
A: The concept of disregarding the corporate entity, also known as piercing the corporate veil, refers…
Q: What are the basic fundamentals that establish a professional code of ethics and the difference…
A: Integrity, objectivity, professional competence and due care, confidentiality, and professional…
Q: What topics should be addressed in a code of conduct? Why are these important?
A: The code of conduct describes the regulations and rules of the organization. It is the most…
Q: Examine the steps in developing a code of ethics. Provide a critical reflection for the ethical…
A: Creating a code of ethics constitutes an important step for any company since it outlines general…
Q: In your own words, clearly distinguish and differentiate between the following, including five…
A: a)Professional morals are rules that administer the conduct of an individual or gathering in a…
Q: Today, almost all major corporations have written codes of ethics. O True O False
A: The organization enjoys various rights and responsibilities that individuals possess when it is…
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- What are the legal and ethical issues surrounding privacy protection? What are the obligations of businesses when it comes to privacy rights? Should the obligations of larger corporations be different from the obligations of smaller businesses?Corporate governance is balancing the interests of a company's various stakeholders, which include shareholders, management, consumers, suppliers, financiers, the government, and the general public. what are the three types of corporate governance and explain eachi) What is the best source for ethical business practices: The individual employee, or the business organization itself? ii) To what extent should individual employees be allowed to lend input in the creation of a code of ethics for a business organization? iii) In the event that an individual employee's ethical standards differ from his/her employer's code of ethics, what can/should be done to resolve those differences?
- Business ethics is a vital aspect of corporate governance, encompassing principles and values that guide organizations in making morally sound decisions. It involves considering the impact of business activities on various stakeholders, including customers, employees, shareholders, and the broader community. Ethical business practices go beyond mere compliance with laws and regulations; they reflect a commitment to honesty, integrity, transparency, and fairness. Companies with strong ethical foundations often enjoy long-term success, as they build trust and credibility among stakeholders. Additionally, ethical behavior fosters a positive corporate culture and contributes to sustainable business practices. In today's dynamic and interconnected global business environment, the importance of business ethics cannot be overstated. Question: How can businesses effectively integrate ethical considerations into their decision-making processes, ensuring that ethical values are not just stated…The prosecutor and the defense attorney both undertake critical roles in representing the interests of the community and the accused, respectively. Considering the important stakeholders served by each, explain whether you believe that the prosecutor or the defense attorney has the more difficult job.Why do we need to study “ethics” in a business course? Why is it important to understand and differentiate between “morals” and the “institutionalization” of business ethics?
- watch Righteous Practice: The Intersection of Business Law and Human Rights (Links to an external site.) CLP Speaker Series - Righteous Practice: The Intersection of Business Law & Human Rights - YouTube and discuss the following questions: Do companies have a social responsibility to their communities and stakeholders? To which stakeholders do the companies have responsibilities? What are your thoughts about situations where business law enables damage through its design?Corporate Social Responsibility (CSR) refers to a company's commitment to taking actions that benefit society beyond its core business activities and profit generation. It encompasses a wide range of initiatives aimed at environmental sustainability, ethical labor practices, community development, and philanthropy. By engaging in CSR activities, companies can build positive reputations, enhance employee morale, and contribute to the well-being of the communities in which they operate. How can a company strike a balance between maximizing profits for shareholders and fulfilling its CSR obligations to society and the environment?The theory of corporate social responsibility proposed by Milton Friedman says a corporation is part of society and needs to participate in promoting the social welfare of the community. O O True False
- The movement for environmental justice can be correctly described as 'efforts that aim to prevent inequitable exposure to risk, such as from hazardous waste'. True FalseFind a company that has violated business ethics in the past five years. What ethics did they violate? What were the consequences? Summarize in three to four paragraphs. Include citations and references.Claims professionals are not personally and professionally responsible for making ethical decisions. True False