The Theory of Business Social Responsibility That Holds That a Business

question 44

Multiple Choice

The theory of business social responsibility that holds that a business has a duty to generally do good for society is:

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

Recognize the effect of fiscal policies on national saving, interest rates, and investment.

Analyze the impact of automatic stabilizers on budget deficits.

Evaluate the relationship between federal budget deficits and trade deficits.

Grasp the implications of discretionary fiscal policy on the economy.

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Definitions:

Cautious

Characterized by careful forethought to avoid potential harm or errors; prudent.

Stage Theorists

Psychologists who propose that development occurs in distinct stages, each characterized by specific behaviors and mental processes.

Physical Maturation

The process of biological growth and development in the body, typically culminating in adult physical capabilities.

Specified Stages

Distinct phases or periods in a process or life cycle that are clearly defined or identified.