Sloan Management Review, throughout their Academic career. Corporate social responsibility: A three-domain approach. Implied-in-law requires no intent from parties to enter an agreement. The effectiveness of market-based social governance schemes: The case of fair trade coffee. D. Corporate decisions have an impact on more people than just the shareholders and managers. Business Ethics Quarterly, B. Law consists of values that govern a society's attitudes towards right and wrong. The four faces of corporate citizenship. The restaurant owner is obligated to serve the food, and the customer is obligated to pay the prices listed on the menu for it. Week 7 Quiz Assessment - MGMT314 B005 Summer 2021 - APEI.pdf, The three most important precursors of ethical behavior are the individuals, the company, and the management in place True or False, Ethical behavior is an action that is not actually supported by moral standards. 70, 5064. Which statement does not challenge the notion of a hypothetical social contract between society and corporations? 6, 407424. T or F? Implied-in-fact assume that parties understand the terms of the agreement and what actions must be taken. 38(2), 4362. In terms of social responsibility, which of the following arguments is true? An implied contract is formed by circumstances or the actions of parties. King felt that there was a higher law than the law of the land. Cristel Antonia Russell. (1997). Can Charlotte leave the AMLAP partnership? Implied-in-law was created to prevent one or more parties from being unfairly enriched by another. 68(3), 731755. Learn more about Institutional subscriptions. Social policies for business. Crane, A., Matten, D., & Moon, J. Journal of Business Ethics, startxref Speculative philosophy as well as reports of empirical research are welcomed. Trust in the promise of a sustainable Fahrvergngen was broken with recent scandals like Dieselgate denting the confidence of regulators and consumers. This type of contract ensures that someone for whom services were provided is not unjustly enriched by the performance of another. T or F? Political Studies, The Organic Pepper, Retrieved July 12, 2014 http://www.theorganicprepper.ca/blacklist-12-food-companies-to-avoid-and-95-sneaky-aliases-04102013. 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. Adams, M. (2013). New York: Free Press. 0000008136 00000 n 0 T or F? Academy of Management Review, The implied contract, on the other hand, is assumed to exist, but no written or verbal confirmation is necessary.
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