Which of the following statements is true of the social contract approach to corporate management?
A) The primary focus of the old social contract laid emphasis on equal advancement in the quality of life and economic growth.
B) The modern social contract approach argues that there is an obligation for the corporation to meet the demands of the society rather than just the demands of a targeted group of customers.
C) The consequences of the modern social contract approach to corporate management is growth at the expense of rising costs,wages growing at a lower rate than inflation,and so on.
D) The main focus of the old social contract was to maintain a longer-term perspective than just the delivery of quarterly earnings numbers.
Correct Answer:
Verified
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