Figure 18.6.1 -Which of the Following Is a Public Good

question 71

Multiple Choice

Figure 18.6.1
-Which of the following is a public good?

• A) Telephone service
• B) Broadcast TV
• C) A daily newspaper
• D) The Red Cross
• E) all of the above

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Definitions:

Ethical Self-Governance

The personal commitment to behave according to one's own moral principles, often reflecting broader social or professional norms.

Socially Responsible Manner

Acting in ways that are not only profitable but also ethical, taking into account the effects on people, the community, and the environment.

Corporate Governance

The framework consisting of policies, practices, and procedures used to guide and manage a company, aiming to balance the needs of all its stakeholders.

CSR Strategies

Corporate Social Responsibility strategies involve plans and actions undertaken by a company to manage its impacts on society, the economy, and the environment in a responsible manner.