Which of the Following Statements Best Describes Social Responsibility

question 127

Multiple Choice

Which of the following statements best describes social responsibility?

• A) The federal government has written laws that require businesses to act in a socially responsible way.
• B) Companies that exhibit corporate philanthropy are not acting in a socially responsible way.
• C) The four components of the social responsibility pyramid model are equally important.
• D) The obligation that a business has to act in a socially responsible way extends beyond shareholders, to include employees, suppliers, consumers, and the community.

---

Definitions:

Perceived Purchase Risk

The potential loss or adverse outcomes a consumer believes might occur from buying a product or service.

Functional Risk

The potential for a product or service to fail to perform its intended function, leading to dissatisfaction or harm.

Physical Risk

The potential for bodily harm or health hazards that individuals may face in various activities or environments.

Social Risk

Social risk in consumer behavior refers to the potential for a product or service to adversely affect the user's social standing, image, or relationships with others.