Which of the following best describes the primary reason for the existence of corporations?

MGT 202 Quiz 1

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Ariane Villamor
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To maximize shareholder value only
To engage in philanthropy and charity
To create value for stakeholders while ensuring long-term sustainability
To comply with legal and regulatory requirements
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the key characteristic of the Philippine Revised Corporation Code of 2019 regarding incorporators?
A corporation must have at least five incorporators
There is no minimum number of incorporators
Incorporators must be residents of the Philippines
A corporation's lifespan is limited to 50 years
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Carroll's (1991) CSR model, which of the following is NOT considered a dimension of corporate social responsibility?
Economic
Legal
Strategic
Philanthropic
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a primary driver of corporate social responsibility (CSR)?
Regulation
Market behavior
Profit maximization
Social activism
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Milton Friedman (1970) argued that the sole responsibility of corporations is to:
Ensure ethical conduct within business operations
Maximize profits for shareholders
Create shared value among all stakeholders
Promote sustainable development initiatives
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the most significant barrier to effective CSR implementation?
Employee engagement
Availability of financial resources
Collaboration with stakeholders
Alignment with company strategy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the context of stakeholder theory, which of the following best defines a stakeholder?
Only individuals who own shares in the corporation
Any individual or group affected by corporate activities
Only government entities regulating the corporation
Competitors within the same industry
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