Arguments Against Being Socially Responsible Include All but Which of the Following

question 99

Multiple Choice

Arguments against being socially responsible include all but which of the following?

• A)Social responsibility benefits some stakeholders and not others
• B)Socially responsible businesses gain a reputation
• C)Business should only use its resources to increase profits
• D)Business should only use its resources to reward stockholders
• E)Business should only be responsible to stockholders

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Definitions:

Merchandise Purchases

Transactions involving the buying of goods for resale purposes, typically part of the inventory acquisition process in retail or wholesale businesses.

Trade Discount

A reduction from the list price granted by a seller to a buyer, often based on the volume of goods purchased or to promote sales.

Cash Payment

A transaction in which payment for goods or services is made in cash at the time of purchase.

FOB Shipping Point

A term indicating that the buyer takes responsibility for goods once they are shipped, including paying for shipping costs and bearing the risk of loss.