The Reciprocity Principle and Social Responsibility Norm Are Both Normative

question 5

Multiple Choice

The reciprocity principle and social responsibility norm are both normative beliefs that may explain why we have a tendency to help others, however, they differ in that:

• A) one suggests we only help friends, while the other explains why we help family, friends and strangers.
• B) One has empirical support, the other does not.
• C) One suggests we help those who help us, while the other suggests we help those .in need regardless of whether they have helped us.
• D) One suggests we help those who help us, the other suggests we only help when we will be rewarded for our help.

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, resulting in a net income or loss.

Days' Sales Uncollected

Measures the average amount of time it takes a company to collect cash from credit sales.