The Manager of a Large Chain Recently Spoke to a Group

question 239

Multiple Choice

The manager of a large chain recently spoke to a group of college students about making it in the business world.He focused particularly on the importance of fulfilling the purpose of the business organization: that is, to produce and market profitable products needed by society.In doing so, he indicated that a stockholder, not the society as a whole, invests in a corporation to earn a return on his or her investment and that a firm is legally obligated to act in stockholders' interests.What concept do the manager's comments reveal?

• A) the socioeconomic model of social responsibility
• B) the economic model of social responsibility
• C) the strictest model of social responsibility
• D) consumerism
• E) the rights of employees

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Definitions:

Biology

The science of life and living organisms, including their structure, function, growth, evolution, and distribution.

Acquired

Refers to something obtained or gained through one's actions or experiences.

Social Psychological Perspectives

Approaches within social psychology that explore how individuals' thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Altruism

The belief in or practice of disinterested and selfless concern for the well-being of others, often at a cost to oneself.