Which of the Following Actions Can a Corporation Do to Demonstrate

question 26

Multiple Choice

Which of the following actions can a corporation do to demonstrate social responsibility?

• A)Avoid taking corrective action before it is required.
• B)Evade taking public stands on social issues.
• C)Strive to make profits on an ongoing basis.
• D)Avoid publicity concerning any socially damaging mistakes.
• E)None of these actions demonstrates social responsibility.

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Definitions:

Uniform Partnership Act

A set of laws adopted by states in the United States to govern the formation, operation, and dissolution of partnerships.

Limited Liability

Limited liability is a legal structure that restricts an investor's or owner's loss to the amount invested, protecting personal assets from business debts and claims.

Limited Partners

Investors in a limited partnership who contribute capital but have limited liabilities and are not involved in day-to-day management of the business.

Dissolve

To dissolve is to officially end the existence of an entity or agreement, such as dissolving a corporation or dissolving a marriage through divorce.