Which of the Following Statements About Social Responsibility Is Correct

question 88

Multiple Choice

Which of the following statements about social responsibility is correct?

• A) Social responsibility dimensions do not include philanthropic concerns.
• B) Social responsibility does not deal with the total effect of all marketing decisions on society.
• C) Social responsibility refers to a company's obligation to maximize its positive impact and minimize its negative impact on society.
• D) Social responsibility dimensions do not include economic concerns.
• E) Social responsibility refers to principles and standards that define acceptable conduct in marketing as determined by various stakeholders.

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Definitions:

Standard Hours Allowed

The amount of work time allowed for the completion of a task, against which actual hours are compared for performance analysis.

Direct Labor-Hours

Total time directly invested in the creation of a product or the provision of a service.

Variable Overhead Efficiency Variance

A measure used to evaluate the efficiency of variable overhead resources used in production relative to the standard consumption expected.

Particular Product

A specific good or service offered by a company, distinct from other offerings within its product line.