Which of the Following Describes the Socioeconomic Model of Social

question 35

Multiple Choice

Which of the following describes the socioeconomic model of social responsibility?

• A) holds that society will benefit most when business is left alone to produce and market profitable products
• B) holds that a firm is obligated to act only in the economic interests of its shareholders
• C) states that managers who concentrate on profit indirectly fulfil their social responsibilities
• D) emphasizes profits as well as the effect of business decisions on society

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Definitions:

Upper Fence

A value in boxplot analysis, calculated to identify outliers; it is typically set at Q3 + 1.5*IQR (where Q3 is the third quartile and IQR is the interquartile range).

Box And Whisker Plot

A graphical representation of data that shows the distribution's shape, central value, and variability.

Percentile

A measure indicating the value below which a given percentage of observations in a group falls.

Biochemistry Test

A laboratory examination to analyze chemical reactions, substances, and functions in living organisms.