Managerial Economics and Ethics - Corporate Social Responsibility Questions

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61. Match the following

List-I (Important ethical principles)List-II (Example)
(A) Do not deceive or cheat the customers by selling substandard or defective products by under measurement or any other means.1. Publishing false information about competitors, bribing retailers, etc.
(B) Do not report to hoarding, black marketing, or profiteering.2. Textile merchants in general clear the defective stock under the guise of discounts.
(C) Treasure sincerity and accuracy in advertising, labeling, and packaging.3. Management of theatres sells the tickets for higher prices during the initial days of the release of a film started by a crazy hero and heroine.
(D) Do not furnish the image of competitors by unfair practices.4. Ads of automobiles in general provide false details in every aspect.

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62. Global corporate culture involves an integration of _____________ in which firms currently operate.

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63. Benefits derived from social responsibility include

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64. Corporate social responsibility has three components according to professors Basu and Palazzo:

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