Which of the Following Is Not a Reason for Business

question 8

Multiple Choice

Which of the following is not a reason for business to practice social responsibility?

• A) It is required by law.
• B) It enhances the company's image.
• C) It is the ethical course of action.
• D) It makes the executives look good.

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Definitions:

Government Spending

refers to the total expenditure by a government on goods, services, and public projects, including salaries, infrastructure, and welfare programs.

Depression

A major and lasting slump in economic performance, highlighted by a notable reduction in GDP, increased unemployment rates, and persistent deflation.

Rate of Inflation

The percentage increase in the price level of goods and services over a period, typically one year.

Federal Budget Deficits

The difference between what a government spends and what it collects in taxes over a fiscal year, with deficits indicating more spending than revenue.