Social Responsibility Is the Idea That Organizations Are Not Only

question 41

True/False

Social responsibility is the idea that organizations are not only accountable to shareholders but also to the community at large.

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Definitions:

Developed, Democratic Countries

Nations characterized by advanced economic development, democratic governance, and high levels of social welfare.

Market Economies

Economic systems where supply and demand from consumers drive the production, allocation, and distribution of resources.

Privatisation

The selling of state‐owned enterprises into private ownership.

State-Owned Enterprises

Organizations that are owned and operated by the government and play a role in the delivery of public services or the production of goods.