If Each of Us Relied Exclusively on the Market to Determine

question 198

Multiple Choice

If each of us relied exclusively on the market to determine what to buy, we would probably end up with few, if any:

• A) streetlights.
• B) strawberries.
• C) CDs.
• D) raincoats.
• E) televisions.

---

Definitions:

Social Responsibility

The duty of businesses and individuals to act in the best interests of their environment and society as a whole.

Adverse Social Impacts

Negative effects that activities or decisions have on the societal well-being or social fabric.

Minimum Legal Requirements

The least or lowest standards legally mandated for any entity, process or product to be compliant with relevant legislation.

Social Responsibility

The obligation of an organization or individual to act for the benefit of society at large, balancing profit-making activities with activities that benefit the community.