Which Argument for Social Responsibility Puts Forth the Belief That

question 14

Multiple Choice

Which argument for social responsibility puts forth the belief that by becoming socially responsible businesses can expect to have less government regulation?

• A) stockholder interests
• B) public image
• C) public expectations
• D) discouragement of further government regulation

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Definitions:

Characteristics

describe the distinct features or qualities that help in identifying, defining, or classifying subjects, objects, or concepts.

Utility-Maximizing Rule

An economic principle that states individuals allocate their income in a way that maximizes their total utility, based on the marginal utility per unit of price for goods or services.

Algebra

A branch of mathematics that deals with symbols and the rules for manipulating these symbols, representing quantities and expressing mathematical relationships.

Marginal Utility

The added satisfaction a consumer gains from consuming an additional unit of a good or service.