The Traditional View of Social Responsibility States That

question 6

Multiple Choice

The traditional view of social responsibility states that

• A) corporations should exist only to represent the stockholders.
• B) corporations must represent all stakeholder groups.
• C) corporations should operate on the basis of their suppliers' interests.
• D) corporations function as a measure of consumer behavior.
• E) corporations forecast their goals on the basis of pending legislation.

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Definitions:

Values and Principles

Fundamental beliefs and guidelines that shape an individual's behavior and decision-making process, often reflecting what is important to them.

Long-term Effectiveness

A measure of how well a method, strategy, or action maintains its desired outcomes or benefits over an extended period.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates, including natural, social, and cultural elements.

Respond to

denotes the act of answering or reacting to someone or something in a particular way.