Multiple Choice QuestionWhich model of corporate social responsibility asserts that shareholders are the center of a corporation and that management's ethical responsibility is to serve them?Multiple choice question.The economic modelThe stakeholder modelThe deregulatory modelThe socialist model

Multiple Choice QuestionThe economic model of corporate social responsibility is rooted in Blank______.Multiple choice question.totalitarianismanarchismsocialismutilitarianism

Multiple Choice QuestionThe primary responsibility of managers according to the economic model of corporate social responsibility is to Blank______.Multiple choice question.pursue profit within the bounds of the lawfulfill ethical responsibilities at great economic costmaximize charitablenessensure that all stakeholders in a business carry out ethical obligation

Multiple Choice QuestionThe philanthropic approach of the economic model of corporate social responsibility is common among Blank______.Multiple choice question.businesses that outsource all of their worksmall-scale, privately owned businessesexpatriate employeesmultinational corporations

Multiple Choice QuestionMilton Friedman, in his article "The Social Responsibility of Business Is to Increase Its Profits," suggests that Blank______.Multiple choice question.business has social responsibilities that go beyond the legal and economic ends for which it was createdcontrary to the title, the social responsibility of business is not to increase its profits but rather to invest them in societythe ethical responsibilities of managers are fulfilled when they pursue profit and increase shareholder wealththe legal restrictions on business should be removed as they prevent business from improving society

The concept of corporate social responsibility involves the notion that corporations are Blank______.Multiple choice question.economic entities that serve no purpose other than to maximize profitsbusinesses that are only obligated to fulfill legal requirementsabstract concepts that materialize only when they are involved in philanthropysocial institutions formed by society to serve the ends of human beings