Identify an Argument That Supports Social Responsibility

question 66

Multiple Choice

Identify an argument that supports social responsibility.

• A)Some people question whether business has the expertise needed to assess and make decisions about social problems.
• B)Instances of whistleblowing causes significant damage to employees.
• C)As members of society,businesses should do their fair share to help others.
• D)Participation in social programs gives businesses greater power,perhaps at the expense of particular segments of society.
• E)Social responsibility sidetracks managers from earning profits.

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Definitions:

Standby Purposes

Standby purposes involve situations where credit or resources are held in reserve to be utilized in specific circumstances or emergencies.

Actuarial Information

Data and analysis used to evaluate the financial implications of risk and uncertainty, often used in insurance and pensions.

Market Rate

The dominant interest rate in the market for investments with comparable risk and duration.

Obligation

A duty or commitment to pay money or perform some action in the future, often legally enforceable.