Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
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Chapter 2, Problem 2.22C
Summary Introduction
Case summary:
Company DC is taking fair-trade cocoa to the next level. The company returns a share of their profit to the farmers present in their supply chain. The largest shareholder group of Company DC along with fair price receive dividends from the profits obtained through the sale of chocolate.
To explain: If Company DC has an ethical obligation to ask farmers to be organic.
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Students have asked these similar questions
All definitions of Corporate
social responsibility
recognize that:
O a. The natural
environment should
be the main focus of
CSR activities
b. Companies have a
responsibility for their
impact on society
and environment
O C. Business ethics is a
complex issue
o d. Companies must pay
equal attention to the
business ethics and
sustainability.
(Guideline: Write about any other three suitable CSR activities which can be conducted by the companies you selected. Also write, what will be the benefit of your proposed CSR to the companies and public)
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?
Chapter 2 Solutions
Business Essentials (12th Edition) (What's New in Intro to Business)
Ch. 2 - Prob. 2.1QRCh. 2 - Prob. 2.2QRCh. 2 - Prob. 2.3QRCh. 2 - Prob. 2.4QRCh. 2 - Prob. 2.5QRCh. 2 - Prob. 2.6QACh. 2 - Prob. 2.7QACh. 2 - Prob. 2.8QACh. 2 - Prob. 2.9AECh. 2 - Prob. 2.10AE
Ch. 2 - Prob. 2.11ACh. 2 - Prob. 2.12ACh. 2 - Prob. 2.13ACh. 2 - Prob. 2.14ACh. 2 - Prob. 2.15TECh. 2 - Prob. 2.16TECh. 2 - Prob. 2.17TECh. 2 - Prob. 2.18TECh. 2 - Prob. 2.19EECh. 2 - Prob. 2.20EECh. 2 - Prob. 2.21EECh. 2 - Prob. 2.22CCh. 2 - Prob. 2.23CCh. 2 - Prob. 2.24CCh. 2 - Prob. 2.25CCh. 2 - Prob. 2.26CCh. 2 - Prob. 2.27CCh. 2 - Prob. 2.28CCh. 2 - Prob. 2.29CCh. 2 - Prob. 2.30C
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- Find a company in the news today that’s acting at one level of the CSR pyramid: economic, legal, ethical, and philanthropic. Explain what action qualifies the company to be at that level of the pyramid, and then talk about how the company is being socially responsible AND how that action will ultimately benefit their businesses.arrow_forwardI need help with this question about ethics Find an article about a business facing an ethical issue, and summarize this issue. Try to find a recent article. Which CSR approach (obstructive, defensive, accommodating, proactive) does the company appear to be exhibiting? And why?arrow_forwardhow businesses should be held responsible when consumers are harmed by their products. We have chosen companies like McDonalds, Johnson & Johnson, and Apple, through which we will discuss the product liability law.arrow_forward
- What unethical business practices were involved in the Wells Fargo incident? Give examples and demonstrate detailed ethical reasoning using ethical reasoning and relevant factual informationarrow_forward1 Explain in your own words your understanding or definition of CSR. 2. Choose any company and its location. Identify any external stakeholder and explain the stakeholder's interests or needs from the business. Propose a joint CSR initiative or project which will benefit both the stakeholder as well as the business.arrow_forwardAll businesses are subject to legal restrictions on business behavior. However, some businesses are highly regulated. State your opinion as to the reasons government regulation should be decreased.arrow_forward
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