In the Context of the Davis Model of Corporate Social

question 84

Multiple Choice

In the context of the Davis model of corporate social responsibility, it is important for businesses to act in socially responsible ways because businesses

• A) have a significant impact on societal issues such as environmental pollution and minority employment.
• B) form a central core from which communities derive their social values.
• C) can then focus solely on the degree of economic profit to be earned and thus gain social power.
• D) have a social obligation to create goods and services for the masses.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a marketplace, determined by supply and demand dynamics.

Arms Race

An escalating competition between two or more states to possess superior military capabilities, often leading to increased spending and development of new weapons.

Fisheries Management

The regulation and supervision practices aimed at preserving fish stocks and marine habitats to ensure sustainable use and conservation of aquatic resources.

Distinct Group

A set of individuals or entities that are clearly differentiated from others by specific characteristics, such as cultural, professional, or demographic traits.