Which of the Following Statements Is True of the Managerial

question 52

Multiple Choice

Which of the following statements is true of the managerial school of social responsibility?

• A) It argues that a firm must have the trust of all groups, both internal and external.
• B) It argues that the social costs of doing business are the collective responsibility of the government.
• C) It asserts that a business is a legal entity in our society that must be held responsible for its activities.
• D) It sees all business units as accountable to elected public officials.

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Definitions:

Delegating

The process of assigning responsibility and authority to others to complete a clearly defined task while maintaining accountability for its success.

Decision Making

The mental process involved in choosing an action path from several options.

Division Of Labor

The allocation of different parts of a manufacturing process or task to different people in order to improve efficiency.

Coordinator

A person or role responsible for organizing activities and ensuring that tasks are completed efficiently and effectively.