Social Responsibility Is the

question 108

Multiple Choice

Social responsibility is the

• A) view that organizations should satisfy the needs of consumers in a way that provides for society's well-being.
• B) fundamental, passionate, and enduring principles of an organization that guide its conduct over time.
• C) idea that an organization should strive to satisfy the needs of consumers while also trying to achieve the organization's goals.
• D) idea that individuals and organizations are accountable to a larger society.
• E) recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously if they are to achieve sustainable, long-term growth.

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Definitions:

Production Possibilities Curve

A graphical representation that shows the maximum number of goods or services that can be produced using limited resources.

Full Employment

A situation in which all available labor resources are being used in the most economically efficient way, often characterized by the absence of cyclical unemployment.

Entrepreneur

An individual who takes on the risk of starting and managing a business venture to achieve financial returns or other personal objectives.

Production

The process of creating goods or services using inputs like labor, capital, and natural resources.