The belief that a firm's obligation goes beyond that required by law and economics, and includes a pursuit of long-term goals that are good for society is known as:

Related MCQs

• In question No. 127 if the firm continue to operate beyond 6 labour hours as the labour cannot be declared surplus –the firms should ------ to increase the output
• The field of economics that is now called Macroeconomics grew out of the era of the Great Depression, which saw the economy experience a prolonged downturn and persistent high unemployment. Classical economics could not explain these problems because its models assumed all of the following EXCEPT
• Increase in price of a product reduces the purchasing power as a result of which demand for a product goes up. This effect is known as
• Tea and Coffee are perfect substitute of each other, given the price of Tea and Coffee being `100 and `200 per Kg. a consumer is prepared to buy 3 Kg. of each. If the price of tea remain same and the price of Coffee rises to `400 per kg. the demand for Tea goes to 6 Kg. and that of Coffee falls to 1Kg. The elasticity of substitution between Tea and Coffee is
• The theory that individuals act depending upon their evaluation of whether their effort will lead to good performance, whether good performance will be followed by a reward, and whether that reward is attractive to them, is called:
• An individual's belief that he or she is capable of performing a task is called:
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• Which of the following is most likely to be a belief held by a successful manager?
• The decision making model which emphasises that organisations contain diverse interest groups who will bargain about goals and alternative actions, often with incomplete information is known as the…………
• The process of monitoring performance, comparing it with goals and correcting any significant deviations is known as: