Modern social contract approach to corporate management

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Reference no: EM132118753

1. Another term for corporate social responsibility (CSR) is _____.

A. corporate absolutism

b. corporate consequentialism

c. corporate citizenship

d. corporate ownership

2. According to the _____ to management, by recognizing stakeholders and not just shareholders, corporations must maintain a long-term perspective rather than simply delivering quarterly earnings numbers.

A. social contract approach

B. Kantian approach

C. virtue approach

D. instrumental approach

3. What is the difference between the old social contract approach and the modern social contract approach to corporate management?

A. The old social contract emphasizes advancement in the quality of life, whereas the modern social contract approach emphasizes monetary and financial advancement.

B. The old social contract approach argues that there is an obligation for the corporation to meet the demands of society, whereas the modern social contract approach argues that a company's obligation is only to its shareholders.

C. The modern social contract approach focuses on the delivery of quarterly earnings numbers, from a short-term perspective, whereas the old social contract focuses on maintaining a longer-term perspective.

D. The modern social contract approach aims to meet the demands of all stakeholders and the shareholders, whereas the old social contract approach was based only on economic growth.

Reference no: EM132118753

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