What exactly is a social contract, and how does it relate to the legitimacy of an organization?

Q: The importance of organizations in general of all kinds

A: An organization is that type of an entity like a company, institution or an association which aims…

Q: Do firms have any responsibilities to society atlarge?

A: The answer is Yes, firms have a lot of responsibilities to the society. Also, small businesses still…

Q: How does the accountant's focus on the commercial goals as a priority affect the performance of his…

A: Accountants are the professionals which have the specialized degree to prepare accounts of the…

Q: What is the concept of organizational culture and corporate culture?

A: Organizational Culture -  Organizational Culture means values and beliefs which guide how people…

Q: corporate social responsibility

A: 1) Corporate social responsibility (CSR) is a term used to describe a company’s efforts to improve…

Q: discuss the three ways of resolving the agent problem in public company

A: Principal agent problem arise when there is a conflict between interest of principal and agent. This…

Q: What is the difference between "Comptroller" and "Controller"?

A: Meaning - Comptroller is the person responsible for audits and expenses of the government. The…

Q: When does an agency relationship happen

A: Agent Relationship : The official stipulations of a specific principal-agent relationship are…

Q: Define professional corporation

A: Answer: A corporation is a separate legal entity to be registered under state law from its managers…

Q: a) What is a social contract and how does it relate to organisational legitimacy? b) Explain two…

A:

Q: When is an employer-employee relationship exist?

A: Definition:

Q: How do the activities of a company benefit society?

A: Even though a company have a profit motive, a cost can benefit society in many ways.

Q: tion (b) the capture theory of regulation (c) the economic interest theory of regulatio

A: a) Assumptions in public interest theory:i. The regulatory body is considered to representthe…

Q: How would you define business ethics?

A: Business ethics: Business ethics is a practice of suitable commercial rules concerning possibly…

Q: State the differences between private sector and public sector accounting.

A: Private Sector The private sector refers to: organizations that are not government-owned, and the…

Q: How corporate governance is defined?

A: Corporate governance can be defined using the following points:

Q: What is business ethics?

A: Ethics:   Ethics in business is a much debated yet less followed topic. Every business has to…

Q: Who should prepare a social audit for the firm?

A: The report about what organization is doing for social issues is called social audit. An…

Q: ne

A: Negotiable Instruments are written contracts whose benefit could be passed on from its original…

Q: What is an agency order?

A: Solution- Agency order An order to buy or sell that a broker executes with another investor. The…

Q: Explain in your own words the Iron Law of Responsibility and the social contract. Give an example of…

A: Introduction: Iron law of responsibility says that whenever an organization grips power but does not…

Q: What is corporate governance?

A: Corporate Governance is a framework that includes rules, processes, guidelines, laws to govern the…

Q: Should organisations operate in the interest of shareholders or the stakeholders?

A: Stakeholder means those person who use and study the financial statement and make the appropriate…

Q: What is ALCO and what important duties do they perform?

A: A resource with economic value that a person, company, or country owns or controls with the…

Q: What is the purpose of organizations and why do they exist?

A: The organization  is a process that  involves the people , their strong commitment  and efforts to…

Q: What is a social contract and how does it relate to organisational legitimacy

A: Social Contract:   Social Contract is refer as the how business interact with the society.

Q: What is a social contract and how does it relate to organisational legitimacy? and Explain two ways…

A: A social contract refers to a way in which a business interacts with society. As per social contract…

Q: What is the possible agency conflict between inside owner/managers andoutside shareholders?

A: Agency conflict: The conflict of interest of two parties one which is the principal and other which…

Q: How does power gain legitimacy and become legitimate authority?

A: A legitimate authority would seem to be one that has the right for its judgments and laws to be…

Q: Which of the following term is related to the compliance of business ethics? O a. Public image O b.…

A: The entity needs to comply with their business ethics for long term growth and focus on both…

Q: What is the organizational culture at SSS?

A: It is the responsibility of the state to establish and promote viable and correct tax system…

Q: Describe Contract View of Business Firm's Duties to Custómer. What is the moral duty to consumers…

A: Contract view of the obligation of the company to their customer: The view that the partnership…

Q: Describe Corporate Gvernance?

A: Corporate governance is the set of rules, procedures, and processes that guide and control a firm.…

Q: CORPORATE SOCIAL RESPONSIBILITY: CASE STUDY Discuss these three steps ( short description) SNC…

A: Corporate social responsibility:- The main aim of corporate social responsibility in the terms…

Q: What is organization structure?

A: Organisation structure is a system used to define a hierarchy within an organization. It identifies…

Q: Define labour unions.

A: Labor union: Labor union or trade union is the organization that works for the interest of their…

Q: what is the importance of an organizational culture and a corporate culture?

A: Organizational culture is regarded as the set of values, expectations, and practices by which the…

Q: Who is the CFO, and where does this individual fit into the cooperate hierarchy? What are some of…

A: CFO is the company’s Chief Financial Officer as CFO is a senior executive who does the supervision…

Q: Explain why an organisation can be considered to be a 'nexus of contracts' in the context of agency…

A: Contract is the mutual agreement between two parties where one party agrees to provide goods or…

Q: How are Forward Contracts used in the business world? Name a business that might use such contract…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…