Which of the Following Statements About an Organization's Social Responsibilities

question 29

Multiple Choice

Which of the following statements about an organization's social responsibilities is true?

• A)A business has no economic responsibility to stay in business and make a profit.
• B)Discretionary responsibilities are involuntary.
• C)Local town councils, provincial government, and federal regulatory agencies impose ethical responsibilities.
• D)Legal responsibility defines what society deems as important with respect to appropriate corporate behaviour.
• E)Discretionary responsibility is the lowest criterion of social responsibility.

Recognize the ethical considerations in marketing research.

Grasp the importance of proper communication of marketing research findings to stakeholders.

Comprehend the design and execution of experiments in marketing research to infer causality.

Understand the use of social media and sentiment mining in gauging consumer perceptions and responses.

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Definitions:

Food-Stamp Program

A government assistance program that provides low-income individuals and families with benefits to buy food.

Farm Products

Items derived from agricultural activities, including both plant-based foods and animal products, essential for human consumption and use.

Import Quotas

Import quotas are government-imposed limits on the quantity or value of goods that can be imported into a country, used to protect domestic industries.

Special-Interest Effect

The phenomenon where policy outcomes are influenced by small groups (special interests) who benefit at the expense of a larger group.