- Description
MGT 498 Wk 2 – Practice: Ch. 12, Corporate Governance and Business Ethics
True or false: The shared value creation framework aims to reconcile the concept of gaining and sustaining a competitive advantage with corporate social responsibility.
True false question.
True
False
Private start-up companies valued at over $1 billion, such as some of those in the tech sector, are called ______.
Multiple choice question.
dragons
piranhas
unicorns
butterflies
A public stock company is considered by law to be an entity with legal rights and obligations. This is known as Blank______.
Multiple choice question.
legal personality
legal ownership
limited liability
investor ownership
Which of the following is a major drawback of public stock companies, according to Michael Porter and others?
Multiple choice question.
They prioritize financial performance over all else.
They suffer too easily from inertia.
They focus too heavily on the greater good.
They get caught up in sustainability and overlook financial issues.
The shared value creation framework encourages managers to focus on which of the following needs?
Multiple select question.
social
spiritual
economic
emotional