Which of the Following Is a Duty of a Socially

question 20

Multiple Choice

Which of the following is a duty of a socially responsible organization toward customers?

• A)Increasing overhead business costs significantly
• B)Using strategies such as planned obsolescence for the organization's growth
• C)Delivering value by providing quality products at fair prices
• D)Being involved in competitive practices such as collusion and monopoly

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Definitions:

Liability

The state of being responsible for something, especially by law, which can include financial or legal obligations.

General Partner

A full partner with unlimited liability for the debts of the partnership.

Limited Partnership

A partnership consisting of at least one general partner, who manages the business and is personally liable for debts, and one or more limited partners, who invest but do not participate in management.

Partnership Interest

The share or portion of a partnership owned by one of the partners, including rights to its profits.