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Question
(p. 72) The difference between old social contract approach to corporate management and modern social contract approach is that the:
A. old social contract emphasizes advancement in the quality of life, whereas the modern social contract approach emphasizes economic advancement.
B. old social contract approach argues that there is an obligation for the corporation to meet the demands of the society, whereas the modern social contract approach argues a company's obligation is only to its shareholders.
C. modern social contract approach focuses on the delivery of quarterly earnings numbers, short-term perspective, whereas the old social contract focuses on maintaining a longer-term perspective.
D. modern social contract approach aims to the meet the demands of all stakeholders and the shareholders, whereas the old social contract approach was based only on economic growth.
Answer
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Related questions
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A. What do your feelings tell you?
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