quiz 13 - 1 Sustainability as a virtue means valuing...

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1. Sustainability as a virtue means valuing business plans that may not lead to quick riches but that also avoid calamitous losses. a. True 2. The concept of marketplace responsibility is of the view that the notion of corporate social responsibility is misguided. a. true 3. Corporate ethics built on a stakeholder theory seek to involve all those affected by the organization in its decision- making process. a. True 4. Sustainability as a business goal is very conservative in the (nonpolitical) sense as it favors the current situation over a changed one. a. True 5. Social sustainability begins from the recognition that natural resources—especially the oil fueling our engines, the clean air we breathe, and the water we drink—are limited. a. False 6. Limited liability companies (LLC) are taxed twice by the government. a. False 7. Externalities attach corporations to social responsibilities morally rather than operationally.
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Unformatted text preview: a. ±alse 8. The chief executive o²cer keeps track of what's going on in the organization and reports back to shareholders. a. ±alse 9. Sustainability is the same as Ludditism a. ±asle 10. The structure of corporations—the ability to sell shares publicly—is instrumental in their ability to grow economically a. True 11. Stakeholder theory de³nes pro³t not as money but as human welfare a. True 12. Sustainability favors innovation as long as advances are made in the name of maintaining the status quo a. true 13. In case of a partnership pro³ts are allotted in accordance with how great a share each partner owns. a. True 14. In case of public corporations, owners take economic, legal, and moral responsibility for what the company does. a. false 15. The main disadvantage of a sole proprietorship is that it exposes the proprietor to unlimited liability. a. true...
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  • Spring '08
  • VictorHeller
  • Corporation, Chief Executive Officer, Limited Liability Company, A., Stakeholder theory

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