_____ Responsibility Is Purely Voluntary and Guided by a Company's

question 91

Short Answer

_____ responsibility is purely voluntary and guided by a company's desire to make social contributions not mandated by economics, law, or ethics.

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Definitions:

Tort

A wrongful act in a civil context that results in harm or loss for the affected individual, thereby establishing legal accountability for the one committing the act.

Arm's-Length Transaction

A deal made by parties freely and independently of each other, and without some special relationship, such as a familial tie, that might taint the transaction.

Confidentiality

The obligation to protect and not disclose information that is private, sensitive, or classified to unauthorized individuals.

Self-Interest

Acting in a way that is most advantageous to oneself, based on personal benefits or gains.