With Who Does Social Responsibility of Business Have to Begin

question 202

Multiple Choice

With who does social responsibility of business have to begin?

• A) government
• B) management
• C) consumers
• D) consumer protection groups
• E) society

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Definitions:

Incorporation

The process of legally declaring a corporate entity as separate from its owners, providing it with its own rights, privileges, and liabilities distinct from those of its members.

Lease Agreement

A contract outlining the terms under which one party agrees to rent property owned by another party.

Novation

The substitution, by mutual agreement, of another party for one of the original parties to a contract.

Liability

The state of being legally responsible for something, particularly in terms of debts or legal obligations.