The social responsibility of an organisation is to use its resources and engage in activities designed to increase its profits, as long as it engages in open and free competition and without fraud and deception. If the organisation in making a profit, it would then be able to fulfil its social responsibility of employing people in society with a decent wage and it would be able to pay taxes to the state, which could provide the services required by society is the argument of _________ which is known as the Oa. Archie Carroll; broad view of corporate social responsibility Ob. R. Edward Freeman; stakeholder theory Oc. Milton Friedman; social contract d. Milton Friedman; narrow view of corporate social responsibility

The social responsibility of an organisation is to use its resources and engage in activities designed to increase its profits, as long as it engages in open and free competition and without fraud and deception. If the organisation in making a profit, it would then be able to fulfil its social responsibility of employing people in society with a decent wage and it would be able to pay taxes to the state, which could provide the services required by society is the argument of _________ which is known as the Oa. Archie Carroll; broad view of corporate social responsibility Ob. R. Edward Freeman; stakeholder theory Oc. Milton Friedman; social contract d. Milton Friedman; narrow view of corporate social responsibility

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter13: Positive Externalities And Public Goods

Section: Chapter Questions

Problem 23P: HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow...

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Suppose the government, as part of its fight against COVID, allows restaurants to open but requires customers to be socially distanced, reducing the number of tables and the maximum number of customers who can be served a. Give an example of a fixed cost associated with running a restaurant? b What costs would you expect to be part of the extra cost asSsociated with serving one more diner in the restaurant? c. How would you expect the social distancing policy to affect the marginal and average cost.of serving a meal? You might find drawing a diagram helpful. d. How would you expect the social distancing policy to affect the price charged fona restaurant meal? You might find drawing a diagram helpful. e What would you expect to be the effect of the sccial distancino policy on entry and extinthe restaurant sector? You might fino drawing.a diagram helpful.
HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow HighFlyer Airlines to give passengers more comfort and sell more tickets at a higher price. However, redesigning the cabin means rethinking many other elements of the airplane as well, like engine and luggage placement, and the most efficient shape of the plane for moving through the air. HighFlyer Airlines has developed a list of possible methods to increase cabin space, along with estimates of how these approaches would affect the planes operating costs and ticket sales. Based on these estimates, Table 13.5 shows the value of R, how much should the firm invest in R on top of the private return; that is, an R private return to HighFlyer Airlines would have a 9 social return. How much investment is socially optimal at the 6 interest rate?
Which are the two key ’problems’ encountered in aggregating on the consumer side, and why it not occurs on the producer side ? Pls short answer in 15-20 Sentences
Which of the following characteristics is required if a good is to be efficiently provided by profit-seeking firms? O The good should be excludable and rival in consumption. The good should be a consumer good. The good should not be an inferior good. The good should be subject to the free rider problem.
Some companies use this as an umbrella term to encompass all CSR efforts that make business more sustainable in the long term, including environmental efforts: O bottom-line O ethics O philanthropic O sustainability
Are you allowed to copy anything that's in Wikipedia because it's an online encyclopedia? O Yes, encyclopedias are considered fair use O No, you must cite all sources
Which of the following assertions regarding social efficiency and social welfare iscorrect?a. They are the same conceptb. Social welfare includes both economic efficiency and equity whereas socialefficiency does not include equityc. Social efficiency includes both economic efficiency and equity whereas socialwelfare does not include equityd. Social efficiency is a higher standard than social welfare.
Suppose that a mayor of a large city believes strongly that education provides great benefits to the community andurges the state government to provide the district with more money. An economist would say that this reflects theMayor's belief that:Asince teachers are overpaid, the district needs more money to hire enough teachers for its classrooms.Bthere are positive external benefits associated with education.Cthere are nontrivial external costs associated with education.Dpublic schools provide a higher quality education than private schools.
Which of the following statements about the societal orientation is true? Oa Marketers try to deliver all benefits sought by cusiomers even if that results in a negative effect on the environment. Ob.Organizations have either a social or economic justification for their existence. Oc None of them Od The societal marketing concept is very different from the market concept. Oe Companies that protect the environment by using all-natural materials in their products are showing a societal marketing orientation.
ase:Most of the world’s governments have struggled to handle the issue of allowing consumption of forbidden goods, such as alcohol, cigarette, tobacco etc. to its population. Various methods of control have been exercised world over, such as, complete ban on these goods, a restricted consumption regime with quota on consumption or quota on selling, price floors keeping the price of these goods high up in order to reduce demand and imposing high taxes to generate same effect. None of thee seem to have worked to control the availability and consumption of such goods by the society. These are called social bads, as they not only are harmful for the person consuming them, there are external effects on others, such as family and friends and the larger society.In Rampur, Alcohol are forbidden, so people trade Alcohol bottles in a black market. The Alcohol demand is QD = 12 − P , and the supply is Qs = 2P(a) Find the equilibrium price and quantity in the black market.(b) The government…
QUESTION 23 If the discount rate used for evaluating the social cost of carbon (SCC) is reduced from 7% to 1%, does the SCC: O Rise Fall Neither Both
Four friends decide to meet at a Chinese restaurant for dinner. They decide that each person will order an item off the menu and they will share all dishes. They also decide that, when the final bill for the meal comes, they will split the cost evenly among each of the people at the table. When the food is delivered to the table, each person faces incentives similar to which of the following? Select one: O a. production of a public good cross out O b. consumption of a club good cross out Oc production of a private good cross out O d. consumption of a common resource good cross out