07 Jan The corporate culture

Question 1

5 / 5 pts

(TCO 1) What is NOT true about a corporation?

A corporation can have a culture.

A corporation can have its own set of moral codes.

Stockholders can be personally liable beyond the amount of money that they invested into the corporation.

A corporation can endure beyond the life of its stockholders.

Question 2

5 / 5 pts

(TCO 1) Which statement is true about the Invisible Hand Argument?

The argument contends that there is no way that corporations can be held accountable for their actions.

Corporations should base their policies on things other than profits.

Argument suggests that if corporations are allowed to seek self-interest, their activities will yield the greatest good for society.

Argument suggests that corporations cannot be criticized or praised because their main objective is to increase profit.

Question 3

0 / 5 pts

(TCO 1 & 3) What is one major aspect of the Let-Government-Do-It

argument?

Social responsibility is the role of corporations, along with increasing profit.

Corporations have several roles, including operating in a socially responsible manner.

The role of business is purely economic.

You Answered

Government should work with businesses in order to promote social responsibility.

Question 4

5 / 5 pts

(TCO 1 & 3) Which statement is NOT true about effective corporate moral codes?

They must be clear.

They must be communicated throughout the corporation.

They must be equitable.

They only apply to lower level employees.

Question 5

5 / 5 pts

(TCO 1 & 3) Which statement is NOT true about corporate culture?

A corporation’s culture can change daily.

A corporation’s culture can include the value system of the corporation.

The corporate culture can include the method by which the corporation conducts business.

The corporate culture will typically develop its own norms

Question 6

5 / 5 pts

(TCO 1) Which of the following is the social entity model?

View that maintains that only the government has social responsibilities

View that states that a corporation has obligations, not just to its stockholders, but also to other constituencies that affect or are affected by its behavior

View that maintains that corporations can be viewed as socially responsible examples for other entities.

View that maintains that corporate responsibility evolves as society advances