Which of the Following Statements Is in Agreement with the Socioeconomic

question 90

Multiple Choice

Which of the following statements is in agreement with the socioeconomic view of corporate social responsibility?

• A) Financial improvement can be achieved by being socially responsible.
• B) The primary responsibility of business is to maximize business profits.
• C) By acting responsibly, businesses avoid government regulation.
• D) Businesses must be concerned with the broader social concerns and not just with corporate profits.
• E) Society is served best when businesses are allowed to maximize their profits.

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Definitions:

Judicial Review

The process by which courts evaluate the legality of legislative and executive actions, ensuring they comply with the constitution.

Court Decision

A ruling or judgment made by a court of law in a legal case, determining the outcome of the dispute in question.

Remedy

The means by which a court enforces a right, imposes a penalty, or resolves a dispute.

Injury

Harm or damage inflicted on a person's body, property, rights, or reputation.