The First Social Responsibility of Any Business Must Be to Make

question 108

True/False

The first social responsibility of any business must be to make enough profit to cover the costs of the future because if this is not achieved, no other social responsibility can be met.

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Definitions:

Quasi Experimental

A research design that attempts to establish a cause-and-effect relationship but lacks random assignment of participants to conditions.

Randomly Assigned

A method used in experiments where participants are allocated to different groups without bias, ensuring each participant has an equal chance of being assigned to any group, enhancing the validity of the results.

Quasi-experimental Study

A research design that resembles an experimental study but lacks random assignment to treatment or control groups, making causal conclusions less reliable.

Gender Differences

The distinctions in characteristics, roles, behaviors, or attributes typically associated with being male or female, influenced by biological, cultural, and social factors.