Which of the Following Is Not an Argument Against a Socially

question 217

Short Answer

Which of the following is not an argument against a socially responsible role by a business firm?
Some individuals believe that business involvement will increase business control and power in addressing solutions for problems.
Business should help solve the problems because business contributed to the problem.
Some people oppose any business activity that cuts into profits to investors.
Companies lack the expertise to deal with many of the problems in society; therefore, business should let experts handle those matters.
Many businesses have been able to influence government agencies that are supposed to regulate their industries.

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Definitions:

Income Inequality

Refers to the unequal distribution of earnings among individuals and groups within a society, leading to various economic and social issues.

Technological Growth

An increase in the efficiency of producing goods and services due to improvements in technology, innovation, and methods.

Skilled Workers

Individuals who have acquired special training, education, knowledge, and abilities to perform specific tasks efficiently.

In-kind Transfers

Non-cash transfers of goods or services provided to individuals or groups, often utilized in social welfare programs.