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:

Pharma Corporation

A company involved in the development, production, and marketing of pharmaceutical drugs and medications.

Financial Information

encompasses data related to the monetary aspects of an individual or organization, such as assets, liabilities, income, and expenses.

Securities Act

A federal law enacted in 1933 that governs the primary issuance of securities (stocks, bonds) to the public, aiming to ensure transparency and prevent fraud in the securities market.

Accredited Investors

Individuals or entities that meet certain financial criteria, allowing them to invest in securities not registered with financial authorities.