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Scenario 4.1 Use the Following to Answer the Questions

question 53

Multiple Choice

Scenario 4.1
Use the following to answer the questions.
Hershey Foods was founded in the nineteenth century by Milton Hershey,who had a strong ethical value system-always show integrity,be honest,and respect others.Hershey felt it was important to provide high-quality goods and services of real value at competitive prices that provide an adequate return on investment.He also founded the Milton Hershey School,operating today as a cost-free,private home and school dedicated to helping children with social needs and limited resources.The company also focuses on environmental issues,such as reducing waste by 360,000 pounds annually by redesigning Hershey's Syrup caps.Hershey Foods has an ethics compliance program that includes a code of ethics and training,guidelines for handling legal and ethical issues,an 800 number for assistance with ethical issues,and support from supervisors and human resource managers in dealing with ethical issues.However,in the last few years,Hershey has been criticized by several advocacy groups concerning the sourcing of its chocolate from West Africa where many of the companies use child labor.While Hershey is the largest chocolate candy producer in America,it lags behind other major chocolate producers with regard to certifying its chocolate as child labor-free.
-Refer to Scenario 4.1.Milton Hershey contributed resources to the community to improve the overall quality of life for consumers,employees,and the community in general.This reflected his ____ responsibility.

Definitions:

Common Stock

A type of equity security representing ownership in a corporation, entitling the owner to vote at shareholder meetings and receive dividends.

Legal Liability

The legal responsibility to pay debts or damages, which can arise from contracts, negligence, or other legal means.

Declared

Pertains to dividends or other distributions that have been officially announced by a company's board of directors.

Dividend Payments

Distributions of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.