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Drekia Campbell
on Nov 01, 2024

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Until recently,the goal of making a profit for ________ was the only view of corporate responsibility built into statutory and common law.

A) its creditors
B) its shareholders
C) social responsibility
D) the government

Corporate Responsibility

The concept that companies should be accountable for their impact on society and the environment, considering the interests of stakeholders beyond shareholders.

Profit

The financial gain that is realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Its Shareholders

Refers to the individuals or entities that own shares in a company, thereby holding a part of its ownership.

  • Examine how ethics influence business strategies and the practice of corporate social responsibility.
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