Nick and Juliet Work in an Online Retailing Firm in Chicago

question 61

Multiple Choice

Nick and Juliet work in an online retailing firm in Chicago. Nick believes that a company's primary social responsibility is economic in nature while Juliet believes that its primary responsibility is to contribute to the enhancement of the community in which it operates. Which of the following statements, if true, strengthens Nick's belief?

• A)To thrive and grow, a firm must meet its philanthropic responsibilities.
• B)Economic responsibility can be viewed as an obligation only if we view the firm as a contributing citizen to the communities in which it operates.
• C)Unless a firm produces profitable products and becomes a sustainable contributor in society, all its other responsibilities fade away.
• D)To survive a firm must meet its legal and ethical obligations before fulfilling the other obligations.

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Definitions:

Goals

The targets or outcomes that an individual, team, or organization aims to achieve within a specified timeframe.

Common Understanding

A mutual agreement or shared knowledge among a group of individuals, often essential for effective communication and collaboration.

Project Purpose

The main goal or objective that a project aims to achieve, clearly defining the project's rationale and expected outcomes.

Anchoring Statement

A statement or reference point that is used in negotiation or decision-making processes to set the tone or basis from which to begin discussions.