___ Refers to the Simultaneous Creation of Economic Value and Social

question 46

Essay

___ refers to the simultaneous creation of economic value and social value for the larger community in which a business operates.

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Definitions:

Sustainability Activity

Actions undertaken by individuals or organizations aimed at maintaining or enhancing environmental, social, and economic well-being over the long term.

Utilitarian View

Considers ethical behaviour as that which delivers the greatest good to the greatest number of people.

Ethical Behaviour

The practice of conducting oneself according to accepted principles of right and wrong, especially within a professional context.

Greatest Good

A principle often used in ethics and philosophy that refers to the action or policy that maximizes happiness or welfare for the greatest number of people.