Which Statement Is MOST Correct in Terms of the Textbook

question 40

Multiple Choice

Which statement is MOST correct in terms of the textbook presentation of the public's expectations of business with respect to corporate social responsibility?

• A) The Australian legal system does not protect the rights of consumers against socially irresponsible business acts.
• B) There are increased expectations that organisations will act with genuine social responsibility.
• C) There are no compelling arguments against corporate social responsibility.
• D) Corporate social responsibility is not related to managerial ethics.
• E) Corporate social responsibility should be the concern of only top-level managers in organisations.

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Definitions:

Market Mechanisms

The processes through which the prices of goods and services are established in markets, enabling resources to be allocated efficiently.

Tax Incentives

Financial discounts or reductions offered by governments to encourage certain behaviors or investments among taxpayers.

Subsidize Production

Financial assistance given by a government to support the production of goods or services.

Premature Deaths

Deaths that occur before the average age of death in a population, often due to preventable factors.