All are True or false

Stakeholders Theory represents a change in identity from a focus on profits to a focus value creation. true or false

The conventional view of the firm suggest that firms should maximize profits even if it requires violating the law. true or false

The main idea behind Corporate social responsibility is that firms should sacrifice profits in order to make the world a better place. true or false

According to the concept of corporate social responsibility a firm is acting unethically if it does not fulfill its philanthropic responsibility. true or false

Firms are solely responsible for making profits therefore they have no responsibilities to hire and fire employees in a responsible manner. true or false