Social Refers to the Process by Which Different Statuses Develop

question 95

Multiple Choice

Social refers to the process by which different statuses develop in any group, organization, or society.

• A) differentiation
• B) stratification
• C) inequality
• D) mobility

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Definitions:

Virtue Ethics

Virtue ethics is an approach to ethical thinking that emphasizes the importance of developing good habits of character, stressing the role of virtues like justice, temperance, and courage in ethical behavior.

Economic Responsibility

The obligation of a business to contribute to the economic well-being of a community, including generating jobs and paying fair wages.

Philanthropic Goodwill

The tangible or intangible benefit gained by a company through charitable activities and contributions to society, enhancing its public image and stakeholder relationships.

Environmental Analysis

The process by which strategists evaluate the external opportunities and threats that could affect the future direction and dynamics of a business.