Business Law Study Set 5

Business

Quiz 4 :
Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking

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Quiz 4 :
Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking

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True Explanation: The stakeholder theory of corporate social responsibility tries to balance the interests of shareholders against those of corporate stakeholders,such as employees,suppliers,customers,and the community in an attempt to check unethical corporate behavior.

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True Explanation: Deontological ethical theories focus only on decisions or actions,not their results.

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False Explanation: Asking whether a decision will produce the right results is an example of a teleological theory.Teleological theories focus on the consequences of a decision while deontological theories focus on decisions or actions.