Which of the Following Holds True in the Case of Social

question 117

Multiple Choice

Which of the following holds true in the case of social responsibility?

• A) It has little or no associated costs.
• B) It can be extremely expensive and provides very little benefit to a company.
• C) It has become less important as businesses become more competitive.
• D) It is generally a crafty scheme to put competitors out of business.
• E) It is costly but provides tremendous benefits to society and the business.

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Definitions:

Federal Sentencing Guidelines

A set of standards that outline the recommended punishment for individuals and organizations convicted of federal crimes in the United States.

Compliance Program

A formalized system within organizations that helps ensure adherence to laws, regulations, and company policies.

Trust

The reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence.

Ethical Climate

The collective perception of what is ethically right or wrong in an organization and how ethical issues are addressed.