A Major Premise of a Socialist System Is

question 32

Multiple Choice

A major premise of a socialist system is:

• A)To make sure that those that create wealth are allowed to keep that wealth.
• B)To reduce the inequality in the distribution of wealth.
• C)To create incentives to encourage entrepreneurs to create jobs and economic growth.
• D)To keep tax rates extremely low so that businesses do not need to support government projects.

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Definitions:

Pyramid Of Social Responsibility

A model that outlines a corporation's obligations to stakeholder groups in a hierarchical manner, prioritizing economic, legal, ethical, and philanthropic responsibilities.

Ethical And Socially Responsible

Being ethical and socially responsible means conducting business in a manner that is fair, ethical, and conscious of the broader community and environmental impact.

Environmental Stewardship

The responsibility for environmental quality shared by all those whose actions affect the environment, emphasizing sustainable practices and conservation.