Social Responsibility Theory Was Developed After World War II to Replace

question 43

Multiple Choice

Social responsibility theory was developed after World War II to replace _____________,which was seen as too idealistic a standard for the operation of the U.S.media system.

• A) normative theory
• B) libertarianism
• C) ascertainment theory
• D) the self-righting principle

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Definitions:

Unconscionable Transactions

Agreements that are so unfairly one-sided that they are considered to be oppressive or shockingly unjust.

Consumer Protection Legislation

Laws designed to ensure fair trade for consumers and to protect them from harmful practices by businesses.

Sale of Goods Act

A law that regulates the sale of goods, specifying the rights and duties of the buyer and the seller.

Negotiable Instrument

A document in writing that promises to pay a certain sum of money, either upon request or at a predetermined date, with the person responsible for payment identified on the document.