Which of the Following Is Not an Argument Against a Socially

question 108

Multiple Choice

Which of the following is not an argument against a socially responsible role by a business firm?

• A) Some individuals believe that business involvement will increase business control and power in addressing solutions for problems.
• B) Business should help solve the problems because business contributed to the problem.
• C) Some people oppose any business activity that cuts into profits to investors.
• D) Companies lack the expertise to deal with many of the problems in society; therefore, business should let experts handle those matters.
• E) Many businesses have been able to influence government agencies that are supposed to regulate their industries.

---

Definitions:

Expenses

Costs incurred in the process of earning revenue, which are subtracted from revenues to calculate net income.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity.

Balance Sheet

A financial statement that provides a snapshot of a company’s financial position, showing assets, liabilities, and shareholders' equity at a specific point in time.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, indicating the net profit or loss.