Which of the Following Statements Is True of the Managerial

question 25

Multiple Choice

Which of the following statements is true of the managerial school of social responsibility?

• A)It argues that a firm must have the trust of all groups, both internal and external.
• B)It argues that the social costs of doing business are a collective responsibility of the government.
• C)It asserts that a business is a legal entity in our society that must be held responsible for its activities.
• D)It sees all business units as accountable to elected public officials.

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Definitions:

Underreported

Refers to instances or events that are not fully reported or disclosed, often resulting in a lack of awareness or understanding of their true frequency or severity.

Less Power

A situation or condition of having reduced influence, strength, or authority compared to others or compared to a previous state.

Relationship

A connection, association, or involvement between individuals or entities.

Waller's Principle

A theory that in relationships, the partner with the least interest in continuing the relationship possesses more power.