The Theory of Business Social Responsibility That Holds That the Obligation

question 20

Multiple Choice

The theory of business social responsibility that holds that the obligation of a business is to earn a profit while not harming others,but if it does cause harm,it must compensate the victims for the harms caused,is:

• A) the moral minimum theory
• B) the maximizing profits theory
• C) the stakeholder interest theory
• D) the corporate citizenship theory

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Definitions:

Practices

Refers to established methods or procedures that are followed consistently in a professional or business context to achieve desired outcomes or maintain standards.

Online Customer Service

Online Customer Service is a support provided to customers through digital platforms such as email, chat, social media, and websites, allowing for immediate or timely responses to queries and issues.

Mimicry

The action or art of imitating someone or something, often used as a learning method or survival mechanism.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.