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:

Unique Characteristics

Distinctive features or qualities that set an entity or concept apart from others in a significant and typically advantageous way.

Positive Associations

The beneficial connections or relationships customers make between a brand or product and their personal perceptions or experiences.

Semantic Scales

A type of survey rating scale that uses words rather than numbers to identify the distance between points on the scale, often used in measuring attitudes or perceptions.

Perceptual Maps

A visual representation used in marketing to display customers' perceptions of a brand or product in comparison to its competitors on various attributes.