Which of the following best describes social responsibility? a. A corporation's rights, such as due process in a court of law, freedom of speech, and privacy. b. Adoption by a business of a strategic focus for fulfilling the economic, legal, ethical, and philanthropic responsibilities expected of it by its stakeholders. c. A company's attempt to maximize its profits in order to benefit stockholders. d. All the policies of a company that promote ethical business practices. e. All businesses except those with less than 50 employees.
Which of the following best describes social responsibility? a. A corporation's rights, such as due process in a court of law, freedom of speech, and privacy. b. Adoption by a business of a strategic focus for fulfilling the economic, legal, ethical, and philanthropic responsibilities expected of it by its stakeholders. c. A company's attempt to maximize its profits in order to benefit stockholders. d. All the policies of a company that promote ethical business practices. e. All businesses except those with less than 50 employees.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1. Which of the following best describes social responsibility?
a. A corporation's rights, such as due process in a court of law, freedom of speech, and privacy.
b. Adoption by a business of a strategic focus for fulfilling the economic, legal, ethical, and philanthropic responsibilities expected of it by its stakeholders.
c. A company's attempt to maximize its profits in order to benefit stockholders.
d. All the policies of a company that promote ethical business practices.
e. All businesses except those with less than 50 employees.
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