Check GMAT Club Decision Tracker for the Latest School Decision Releases https://gmatclub.com/AppTrack

 It is currently 23 May 2017, 19:39

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# Speaker: Contemporary business firms need to recognize that

 new topic post reply Question banks Downloads My Bookmarks Reviews Important topics
Author Message
Manager
Joined: 22 May 2005
Posts: 139
Followers: 1

Kudos [?]: 19 [0], given: 0

Speaker: Contemporary business firms need to recognize that [#permalink]

### Show Tags

13 Jul 2005, 19:17
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

### HideShow timer Statistics

Speaker: Contemporary business firms need to recognize that avoiding social responsibility leads to the gradual erosion of power. This is Davis and Blomstromâ€™s Iron Law of Responsibility: â€œIn the long run, those who do not use power in a manner which society considers responsible will tend to lose it.â€
Senior Manager
Joined: 17 Apr 2005
Posts: 373
Location: India
Followers: 1

Kudos [?]: 27 [0], given: 0

### Show Tags

13 Jul 2005, 20:04
Picked B.

If companies can get a fav. review thru PR then it is not necessary for them to act responsibly to remain in power/business as argued by the author.

HMTG.
Senior Manager
Joined: 06 Apr 2005
Posts: 349
Location: USA
Followers: 2

Kudos [?]: 112 [0], given: 1

### Show Tags

14 Jul 2005, 11:00
My answer is E.

The conclusion states - "a business that wishes to retain its power as long as it can must act responsibly". Please note that the conclusion refers to a business and not an institution. Choices A and D are irrelevant.

Out of choices B, C and E, only choice E explicitly refers to business. So if some businesses have lost power, inspite of acting socially responsible, then there is another cause that caused these businesses to lose power. This directly contradicts the conclusion, that a business can retain power as long as it acts responsibly.
Manager
Joined: 22 May 2005
Posts: 139
Followers: 1

Kudos [?]: 19 [0], given: 0

### Show Tags

14 Jul 2005, 11:11
Ha ha...the Classic fight between "B" and "E" has begun...

I am watching
Current Student
Joined: 28 Dec 2004
Posts: 3363
Location: New York City
Schools: Wharton'11 HBS'12
Followers: 15

Kudos [?]: 297 [0], given: 2

### Show Tags

15 Jul 2005, 18:53
it is B..

it is saying that there are other ways to pretend to look socially responsible...while not actually being responsible...
Manager
Joined: 22 May 2005
Posts: 139
Followers: 1

Kudos [?]: 19 [0], given: 0

### Show Tags

16 Jul 2005, 12:30
yes guys..the answer is B...you all ROCK
Senior Manager
Joined: 06 Apr 2005
Posts: 349
Location: USA
Followers: 2

Kudos [?]: 112 [0], given: 1

### Show Tags

19 Jul 2005, 09:44
Good One.

Thank you for correcting me fresinha12. I got bogged down by specifics. I can see why B should be the answer. B clearly weakens the argument. It states that any institution can pretent to be socially responsible by means of a public relations program, which weakens the conclusion that " a business that wishes to retain its power as long as it can must act responsibly".
19 Jul 2005, 09:44
Similar topics Replies Last post
Similar
Topics:
Although all contemporary advertising tries to persuade, 1 02 Jul 2009, 03:01
Although all contemporary advertising tries to persuade, 1 01 Jun 2009, 06:52
1 Speaker: One need not look very far to find abundant 8 27 Oct 2009, 14:43
Speaker: Contemporary business firms need to recognize that 1 12 Sep 2007, 02:30
The president of a consulting firm analyzed the decisions 4 02 Jul 2007, 12:44
Display posts from previous: Sort by

# Speaker: Contemporary business firms need to recognize that

 new topic post reply Question banks Downloads My Bookmarks Reviews Important topics

 Powered by phpBB © phpBB Group and phpBB SEO Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.