An Organisation Is Meeting Its Legal Responsibility When It

question 65

Multiple Choice

An organisation is meeting its legal responsibility when it:

• A) earns a profit through provision of goods and services desired by customers.
• B) voluntarily moves beyond basic economic, legal and ethical expectations to provide leadership in advancing social wellbeing.
• C) anticipates socially responsible behaviour.
• D) voluntarily conforms to legal expectations, and broader values and moral expectations of society.
• E) complies with the law and requirements of various external regulations.

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Definitions:

World Trade

Refers to the exchange of goods and services across international borders or territories.

Uneven Distribution

A situation where resources, wealth, or opportunities are not evenly shared among members of a society or geographic areas, often leading to disparities.

Economists

Professionals who study, develop, and apply theories and concepts from economics to understand how individuals, businesses, and societies allocate resources.

Offshoring

The relocation of a company's business process, such as manufacturing or services, from one country to another, often to exploit lower labor costs.