Knowee
Questions
Features
Study Tools

What principle is a business following when it seeks to become a positive stakeholder in the community?ResponsesNatural responsibilityNatural responsibilityFiscal responsibilityFiscal responsibilitySocial responsibilitySocial responsibilityHuman responsibilityHuman responsibility

Question

What principle is a business following when it seeks to become a positive stakeholder in the community?ResponsesNatural responsibilityNatural responsibilityFiscal responsibilityFiscal responsibilitySocial responsibilitySocial responsibilityHuman responsibilityHuman responsibility

🧐 Not the exact question you are looking for?Go ask a question

Solution

The principle a business is following when it seeks to become a positive stakeholder in the community is Social responsibility.

Similar Questions

Practices and policies that a business may implement to take an active and positive social role in the world.Group of answer choicesCorporate Social ResponsibilityCommodity tradingSubsidiaryInternational accountability

Required informationSkip to questioniSeeIt!: Corporate Social Responsibility This brief video describes the role of a business in relation to its environment. This concept is referred to as Corporate Social Responsibility. This activity is important, because businesses are often viewed and judged by consumers and the community for their overall ability to positively impact the environment through social programs, ethically sourced products, and hiring practices. The goal of this exercise is to demonstrate your understanding of the actions that lead toward a positive public image and good corporate citizenship. Click the ► button to watch the video. Then, answer the questions that follow. When companies follow the key factors of Corporate Social Responsibility, a ________ usually results, thus ________.Multiple Choicepositive public image; repelling more customersnegative public image; attracting more customersnegative public image; repelling more customerstax benefit; increasing profitspositive public image; attracting more customers

Explain one responsibility a business in a tertiary industry might have to stakeholder groups.

Within the context of Corporate Social Responsibility, companies and organizations should base their strategic decisions on the principle of duty to earn __________.stakeholder trusthigher return on investmenthigher stock valuationhigher market share

According to the Mitchell Typology of Stakeholders, which attributes result is Stakeholder Salience being “High”?Group of answer choicesUrgency and legitimacyPower, legitimacy and urgencyPower and legitimacyPower and urgencyOnly power

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.