QUESTIONS AND 100% CORRECT
ANSWERS|LATEST 2025/2026|GRADED
Corporate Power - ANSWER capability of large corporations to influence
government, the economy, and society, based on organizational resources
- influence politics
- shape tastes
- dominate public discourse
corporate responsibility - ANSWER with the enormous power of large
corporations come a responsibility - to utilize that power for the betterment of
society
Advantages of Corporate Power - ANSWER - more resources
- lower cost productions
- new products
- technologies
Disadvantages of Corporate Power - ANSWER - disproportionately influence
political systems
- dominate public discourse
-divide markets
- squash competition
Iron Law of Responsibility - ANSWER in the long run, those who do not use
power in ways that society considers responsible will tend to lose it
- manifest in whistleblower efforts by stakeholders
1
, The Meaning of Corporate Social Responsibility - ANSWER Act in a way that
enhances society and its inhabitants and be held accountable.
Acknowledge any harm to people and society and correct it if possible.
May forgo some profits if its social impacts hurt its stakeholders or if its funds is
usable for a positive social impact
Corporate Citizenship - ANSWER the actions firms take to put their commitments
to corporate social responsibility into practice
Global Corporate Citizenship - ANSWER putting these commitments into practice
worldwide
Companies can do this by:
- building stakeholder partnerships
- discovering business opportunities in serving society
- transforming a concern for financial performance into a vision of performance
Origins of Corporate Social Responsibility - ANSWER In the United States, the
idea of corporate social responsibility appeared around the start of the 20th century.
Corporations under attack for being too big, too powerful, and guilty of antisocial and
anticompetitive practices.
To use their power and influence voluntarily for broad social purposes rather than for
profits alone.
Example: Steelmaker Andrew Carnegie, Henry Ford
George Kaiser - ANSWER Chairman of BOK financial
- family foundation which focuses on early childhood education
- in 2018 he opened the gathering place, largest public park built with private funds
2
ANSWERS|LATEST 2025/2026|GRADED
Corporate Power - ANSWER capability of large corporations to influence
government, the economy, and society, based on organizational resources
- influence politics
- shape tastes
- dominate public discourse
corporate responsibility - ANSWER with the enormous power of large
corporations come a responsibility - to utilize that power for the betterment of
society
Advantages of Corporate Power - ANSWER - more resources
- lower cost productions
- new products
- technologies
Disadvantages of Corporate Power - ANSWER - disproportionately influence
political systems
- dominate public discourse
-divide markets
- squash competition
Iron Law of Responsibility - ANSWER in the long run, those who do not use
power in ways that society considers responsible will tend to lose it
- manifest in whistleblower efforts by stakeholders
1
, The Meaning of Corporate Social Responsibility - ANSWER Act in a way that
enhances society and its inhabitants and be held accountable.
Acknowledge any harm to people and society and correct it if possible.
May forgo some profits if its social impacts hurt its stakeholders or if its funds is
usable for a positive social impact
Corporate Citizenship - ANSWER the actions firms take to put their commitments
to corporate social responsibility into practice
Global Corporate Citizenship - ANSWER putting these commitments into practice
worldwide
Companies can do this by:
- building stakeholder partnerships
- discovering business opportunities in serving society
- transforming a concern for financial performance into a vision of performance
Origins of Corporate Social Responsibility - ANSWER In the United States, the
idea of corporate social responsibility appeared around the start of the 20th century.
Corporations under attack for being too big, too powerful, and guilty of antisocial and
anticompetitive practices.
To use their power and influence voluntarily for broad social purposes rather than for
profits alone.
Example: Steelmaker Andrew Carnegie, Henry Ford
George Kaiser - ANSWER Chairman of BOK financial
- family foundation which focuses on early childhood education
- in 2018 he opened the gathering place, largest public park built with private funds
2
