The View That Business Should Balance Its Commitments to Important

question 232

Multiple Choice

The view that business should balance its commitments to important individuals and groups in its environment is known as

• A) managerial capitalism.
• B) social auditing.
• C) social responsibility.
• D) business ethics.
• E) stakeholder theory.

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Definitions:

Equality Matching

A principle or strategy in social relations where participants ensure that benefits and costs are distributed equally among members.

Equality Matching

A relationship model based on balance and fairness, where contributions and benefits are expected to be equal.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Reputation

The general opinion or judgment about an individual's or entity's character, abilities, and potential based on past actions and achievements.