The Rational Argument for Corporate Social Responsibility Is Summarized by the Iron

question 45

Multiple Choice

The rational argument for corporate social responsibility is summarized by the Iron Law of Social Responsibility, which states that ______.

• A)ultimately it is government, not business, that is responsible for a satisfying society
• B)responsibility for a just society is everyone's responsibility
• C)in a free society, discretionary abuse of societal responsibilities leads, eventually, to mandated reprisals
• D)concern for CSR must be the first priority of the courts

---

Definitions:

Elasticity

The degree to which the quantity demanded or supplied of a good or service changes in response to a change in price.

Midpoint Method

A technique used in economics to calculate the percentage change in a variable by dividing the change by the average value of the initial and final values.

Twinkies

A popular snack cake in the United States, characterized by its golden sponge cake exterior and creamy filling.

Elasticity

A measure in economics that indicates how the quantity demanded or supplied of a product changes in response to a change in price.