Asked by Harvinder Singh on Sep 28, 2024
Verified
The term used to express how a firm meets its stakeholder expectations of its economic, legal, ethical, and philanthropic responsibilities is
A) reputation.
B) corporate citizenship.
C) corporate ethical audit.
D) ethical citizenship.
E) fiduciary duties.
Corporate Citizenship
Refers to a company's responsibilities toward society. This concept emphasizes the importance of acting in a socially responsible manner that goes beyond profit-making.
Fiduciary Duties
Refers to the obligations of loyalty and care that fiduciaries owe to their clients or beneficiaries, ensuring their best interests are prioritized.
Ethical Audit
A systematic evaluation of an organization's ethical policies, practices, and culture to assess compliance with ethical standards and identify areas for improvement.
- Comprehend the concept and significance of corporate citizenship and how firms meet stakeholder expectations.
Verified Answer
Learning Objectives
- Comprehend the concept and significance of corporate citizenship and how firms meet stakeholder expectations.
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