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:

Satisfaction

The fulfillment or gratification of a desire, need, or appetite; a feeling of pleasure or contentment.

Organizational Citizenship Behaviour

Discretionary behaviors exhibited by employees that are beneficial to the organization and are not necessarily recognized by formal reward systems.

Formally Assigned Responsibilities

Duties or tasks that are officially allocated to an individual or a group within an organizational setting.

Training Program

A structured educational process that aims to enhance the knowledge, skills, and competencies of individuals to perform specific tasks or jobs.