In the corporate world the board of directors will

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Business Ethics Chapter 5 Study Guide/Quiz

In the corporate world the board of directors will typically a rubber stamp the from BUS 309 at Strayer University, Washington

16 .   In the corporate world , the board of directors will typically
a. rubber stamp the policies and recommendations of the management
b. write policies and procedures
c. be there just for show
d. hire and fire people for key management positions
17 .   Adam Smith proposed that in our pursuit of economic interests we are led by
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18 .   Which of the following do advocates of the broader view of corporate social responsibility have ?
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19 .   Externalities are
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20 .   One of the three important “ limits to what the law can do ” discussed by Christopher Stone is
a . laws are passed before there is any real problem to worry about
b. consumers do n’t want further legal regulation
c. designing effective regulations is difficult
d . regulators are often “ bought off ” by corporations
21 .   Some argue for the narrow view of corporate social responsibility on the ground that managers have a fiduciary responsibility to maximize the profits for their shareholders . As discussed in Chapter 5 , one problem with this argument is that
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Microeconomics: A Contemporary Introduction
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Chapter 1 / Exercise 4
Microeconomics: A Contemporary Introduction
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16. In the corporate world, the board of directors will typicallya. rubber stamp the policies and recommendations of the managementb. write policies and proceduresc. be there just for showd. hire and fire people for key management positionsANS: A
17. Adam Smith proposed that in our pursuit of economic interests we are led by
18. Which of the following do advocates of the broader view of corporate social responsibility have?
19. Externalities are
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Microeconomics: A Contemporary Introduction
The document you are viewing contains questions related to this textbook.
Chapter 1 / Exercise 4
Microeconomics: A Contemporary Introduction
McEachern
Expert Verified
20. One of the three important “limits to what the law can do” discussed by Christopher Stone is a. laws are passed before there is any real problem to worry aboutb. consumers don’t want further legal regulationc. designing effective regulations is difficultd. regulators are often “bought off” by corporationsANS: C
21. Some argue for the narrow view of corporate social responsibility on the ground thatmanagers have a fiduciary responsibility to maximize the profits for their shareholders. As discussed in Chapter 5, one problem with this argument is that

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