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What is social capital in the context of an organization?
What is social capital in the context of an organization?
- The revenue generated through social media marketing
- Physical assets owned by the organization
- The number of customers a firm has
- The goodwill of key stakeholders that can be used for competitive advantage (correct)
Which of the following is NOT a benefit of being socially responsible according to the text?
Which of the following is NOT a benefit of being socially responsible according to the text?
- Charging premium prices and gaining brand loyalty
- Attracting outstanding employees
- Utilizing the goodwill of public officials for support in difficult times
- Being exempt from paying taxes (correct)
How does sustainability need to be broadened according to the text?
How does sustainability need to be broadened according to the text?
- To focus only on economic aspects
- To include environmental, economic, and social concerns (correct)
- To ignore environmental impact
- To exclude social considerations
What role does social capital play in relation to local communities?
What role does social capital play in relation to local communities?
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Why are reputable firms more likely to attract capital from investors?
Why are reputable firms more likely to attract capital from investors?
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How can being socially responsible help a firm in foreign countries?
How can being socially responsible help a firm in foreign countries?
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What is a potential outcome of socially responsible actions related to suppliers and distributors?
What is a potential outcome of socially responsible actions related to suppliers and distributors?
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What advantage can a socially responsible firm have in terms of employees?
What advantage can a socially responsible firm have in terms of employees?
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How might a firm benefit from social responsibility in difficult times?
How might a firm benefit from social responsibility in difficult times?
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What makes reputable firms more attractive as long-term investments?
What makes reputable firms more attractive as long-term investments?
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