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04 Jun 2016, 00:16
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
80% (01:46) correct
20%
(01:56)
wrong
based on 242
sessions
History
Date
Time
Result
Not Attempted Yet
Columnist: In a recent article an economist argues that corporations have no responsibility to society beyond obeying the law and maximizing profit for shareholders. But in a different article the same economist endorses the view that corporations ought to make financial contributions to social programs in the communities in which they are located. Thus theeconomist is caught in a contradiction.
The columnist’s argument is questionable because it fails to rule out the possibility that
(A) corporations make non-financial contributions to social programs within their local communities
(B) many shareholders of corporations are in favor of their corporations making contributions to community social programs
(C) social programs have an economic effect on a community and are therefore part of the domain of economists
(D) financial contributions to community social programs improve a corporation’s image in a way that improves its profitability
(E) a corporation’s making financial contributions to community social programs violates no laws
The columnist’s argument is questionable because it fails to rule out the possibility that
(A) corporations make non-financial contributions to social programs within their local communities
(B) many shareholders of corporations are in favor of their corporations making contributions to community social programs
(C) social programs have an economic effect on a community and are therefore part of the domain of economists
(D) financial contributions to community social programs improve a corporation’s image in a way that improves its profitability
(E) a corporation’s making financial contributions to community social programs violates no laws
hsbinfy
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04 Jun 2016, 00:36
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i was stuck between B and D . Rest all i eliminated.
Reading D again meant more explanation to the asked contradiction in question.Coz corporations are meant for profitability.
D states the same that corporation fund money because it helps them to be profitable .choice B is diverting more and doesn't explain this contradiction.
So IMO D
Hope it helps.
Reading D again meant more explanation to the asked contradiction in question.Coz corporations are meant for profitability.
D states the same that corporation fund money because it helps them to be profitable .choice B is diverting more and doesn't explain this contradiction.
So IMO D
Hope it helps.
balaji4799
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04 Jun 2016, 22:24
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I am stuck between A and D but I choose A which is wrong.
I chose A because, I thought D addresses the advantages of making financial commitments to the society but it doesn't address Economist's first view that corporations have no social responsibility. Also, the final conclusion of columnist is that the economist is contradicting his own views and option D isn't addressing this contradiction part.
Am still not sure why D is correct and A is wrong.
I chose A because, I thought D addresses the advantages of making financial commitments to the society but it doesn't address Economist's first view that corporations have no social responsibility. Also, the final conclusion of columnist is that the economist is contradicting his own views and option D isn't addressing this contradiction part.
Am still not sure why D is correct and A is wrong.
