Which of the Following Statements About Social Responsibility Is Most

question 115

Multiple Choice

Which of the following statements about social responsibility is most accurate?

• A) The three concepts of social responsibility are economic responsibility, internal social responsibility, and external social responsibility.
• B) Organizations are part of a larger society and are accountable to that society for their actions.
• C) Societal responsibility focuses on the obligations an organization has to its customers, employees, suppliers, and distributors.
• D) The duty of an organization is most easily understood at the societal responsibility level.
• E) Social responsibility cannot be taught; it is an innate outgrowth of a person's moral and ethical belief system.

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Definitions:

Dividends Per Share

The amount of dividend a company pays out to each shareholder for each share they own, indicating the dividend payout per individual share.

Net Income

The net earnings of a company resulting from subtracting all costs and taxes from its overall revenue.

Shares Outstanding

The total number of a company's shares that are owned by shareholders, including both public and private entities, available in the market.

Current Asset

Assets that are expected to be converted into cash, sold, or consumed within one year or the normal operating cycle of the business, whichever is longer.