Use the Following to Answer Questions

question 102

Multiple Choice

Use the following to answer questions:
Scenario 3-1. Betty's Bed and Breakfast is a small business that provides a bed and breakfast for travelers usually on their way to the Grand Canyon. The business resides in a small community whose economy is primarily devoted to tourism. Betty obtains her livelihood from her business. Because she provides food, she is inspected yearly by government agencies to ensure she is meeting governmental guidelines concerning food preparation. Betty feels strongly that her business is not only to provide shelter and food but also information on directions, room reservations, medical information, and any other information that she has available or can find for her guests. This information includes a short-cut that can be taken to the Grand Canyon that reduces traveling time by an hour. This past summer she sponsored a soccer team comprised of elementary students from the local grade school. The soccer team placed third in the state finals.
-In Scenario 3-1 above, the sponsorship of the soccer team would fall under which level of social responsibility?

• A) Economic responsibility
• B) Legal obligations
• C) Ethical responsibility
• D) Philanthropic goodwill

---

Definitions:

Financial Gift

Monetary donations provided to support an individual, organization, or cause without expecting anything in return.

Insurance Policy

A contract between an individual or entity and an insurance company, outlining the terms for compensation in the event of a loss.

College Alumni

Individuals who have graduated or formerly attended a specific college or university, often engaged in supporting their alma mater through donations, mentoring current students, or participating in alumni associations.

Beneficiary

An individual or group that receives benefits, advantages, or profits from something, for example, from a will, trust, or insurance policy.