The Process by Which We Spell Out Precisely How a Concept

question 6

Multiple Choice

The process by which we spell out precisely how a concept will be measured is known as _____.

• A)micro-to-macro environmentlization
• B)abstraction
• C)reification
• D)conceptualization
• E)operationalization

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Definitions:

Social Responsibility

Refers to the obligation of individuals and organizations to act for the benefit of society at large, balancing profit-making activities with activities that benefit the community.

Stakeholder Orientation

A business approach that prioritizes the needs, interests, and well-being of all stakeholders in decision-making processes.

Intangible Assets

Assets that do not have a physical presence but possess value, such as intellectual property, brand recognition, and patents.

Tangible Values

Values that can be quantified or measured, often related to physical assets or financial performance.