Corporate social responsibility refers only to the company\'s obligations to its

Question

Corporate social responsibility refers only to the company's obligations to its stockholders and investors. True False A fundamental consideration that must be made in business is the risk-return trade-off. In general, the greater the risk (loss of capital invested) entrepreneurs are willing to take, the greater the rewards (profit) they are likely to reap. True False Mercantilists believed that for a nation to become wealthy, that nation must export as much as possible and, in turn, import as little as possible. True False The practice of setting a price in a foreign market that undercuts the prices of competitive companies is referred to as dumping. True False

Explanation / Answer

3) false,as it is concerned with the relationship between the corporation and the local society in which it reside and operates.

4)true

5) true

6) false, dumping - the practice or foreign producers selling a product in domestic market for less than it cost to produce it

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