Which of the Following Is True of Social Value

question 5

Multiple Choice

Which of the following is true of social value?

• A)Social value may be a source of strategic advantage.
• B)Creating social value may decrease revenue through decreased customer loyalty.
• C)Creating social value may be a way to spend more on costs.
• D)Social value creation is critical for a business because its motive is to make a profit.

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Definitions:

Self-Serving Bias

The common tendency to attribute successes to personal characteristics and failures to external factors.

Exaggerated Feelings

Intense emotional responses that are disproportionate to the situation at hand.

Self-Importance

A heightened focus on oneself, often characterized by an overrated view of one's abilities, needs, or uniqueness.

Narcissism

A psychological condition characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, and a lack of empathy for others.