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implied contract is that firms will adhere to standards by engaging in efforts that are ethically driven, treat Since Janine has management powers in a partnership, she is considered a managing partner in that firm. Business Ethics Quarterly, Businesses can show that they are concerned with their communities and appreciative of the revenue streams the community provides by allocating resources for community projects, by volunteering in local charities or schools, by donating products and by running environmentally friendly ad campaigns. 40(4), 640671. Gond, J. P., Kang, N., & Moon, J. Matrix corporation's board of directors decides not to oursource its US jobs to china, even though it would cut labor costs by 50 percent. This argument, referred to as ____________, is based on the notion that socially responsible corporations benefit by creating ____________ for themselves, thus motivating consumers to purchase their products, investors to buy their stock, and lawmakers to grant them further legal advantages. Kahan, D. M. (2001). In the context of the firm-consumer relationship, CSR is often described as relating to the social contract between business and the society in which it operates (e.g., Dunfee et al. False Answer Key: False Question 13 of 20 0.5 Points Kohlberg did not research stages of moral development. The term 'business' is understood in a wide sense to include all systems involved in the exchange of goods and services, while 'ethics' is circumscribed as all human action aimed at securing a good life. 19(1), 99135. The __ management function involves identifying & arranging the work and resources needed to achieve the goals that have been set. Steiner, G. A. the law exercises the power of _____ to confiscate privately owned land for community purposes, liable to the shareholders, unless they can prove their decision not to outsource was made with the shareholders' profits interest above all other interests. Accumulation through derealisation: How corporate violence remains unchecked, Extended producer responsibility for packaging waste in South Africa: Current approaches and lessons learned, Its not me, its the corporation: the value of corporate accountability in the global political economy, Corporate Social Responsibility in India Mandatory Corporate Social Responsibility: Is the Government Shifting its Failure to Corporate India? Small business owners often have a tighter control on the inflows and outflows of products and services so can better impact CSR. An implied contract is formed by circumstances or the actions of parties. True or False. Charlotte is declared mentally incompetent by a court and is unable to participate as a partner in AMLAP Enterprises.