The _____ approach to corporate management refers to the perspective that a corporation has an obligation to society over and above the expectations of its shareholders.

Question

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The social contract approach to corporate management emphasizes that corporations have a social responsibility to society, and this goes beyond merely maximizing profits for shareholders. The approach promotes a more ethical and sustainable way of managing organizations by considering the impact of business practices on society and the environment.

The _____ Approach to Corporate Management Refers to the Perspective