Examlex
Exxon's response to the Valdez oil spill in Alaska some years ago has been criticized on several fronts. Some say the company waited too long to respond, and that when the response came it was very weak. But Exxon points out that they cleaned up the spill and that they have gone out of their way to bring the area back to conditions that existed before the spill. This stance to social responsibility would best be classified as
defensive.
obstructionist.
charitable.
accommodative.
proactive.
Study Economics
The academic pursuit focused on understanding how goods and services are produced, distributed, and consumed, and how wealth is transferred.
Information Costly
A term expressing that obtaining, processing, and interpreting information incurs costs, influencing economic behaviors and market efficiencies.
Fully Informed
A state where individuals have all the necessary information to make well-informed decisions without missing any relevant details.
Making Decisions
The process of selecting a course of action from multiple alternatives, typically involving judgment or reasoning.
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