__________ is when a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities

Related MCQs

• __________ is the corporate management term for the act of reorganizing the legal, ownership, operational or other structures of a company for the purpose of making it more profitable or better organized for its present needs.
• A merger is defined as the joining of two or more companies to form a single legal entity.
• ______________ is a term used in the field of accounting which measures the environmental and natural resources accounting, which tends to incorporate the natural and environmental assets of the firm and it’s resources.
• Any agreement between two or more parties to collaborate with each other, in order to achieve certain objectives while continuing to remain independent organizations is called _______________.
• ______________ is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.
• _________ highlights both the contribution of business enterprises to economic wellbeing and the costs imposed in the form of pollution or resource degradation.
• ____________ aims to measure and inform the general public about the social welfare activities undertaken by the enterprise and their effects on the society
• ____________ is the estimated remaining period, from the commencement of the lease term, without limitation by the lease term, over which the economic benefits embodied in the asset are expected to be consumed by the entity.
• The recognition of the close link between an organisation's decisions and activities and its impact on the natural environment is called __________.
• What is the classical view of management's social responsibility?