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:

Slope

A measure of the steepness, incline, or grade of a line, representing the rate of change between variables on a graph.

Cholera Epidemic

An outbreak of the bacterial disease cholera, characterized by severe diarrhea and dehydration, often spreading in areas with inadequate access to clean water and sanitation.

Omitted Variables

Variables that are relevant for a regression analysis but are not included by the model, potentially leading to biased results.

Reverse Causality

A situation where a supposed cause is actually the effect and vice versa.