Which of the Following Statements Is True About Social Responsibility

question 31

Multiple Choice

Which of the following statements is true about social responsibility?

• A) It is the managerial obligation to ensure the accountability of certain individuals in an organization through mechanisms that try to reduce or eliminate the principal-agent problem.
• B) It is the managerial obligation to cater to the needs of the stockholders, while abiding by the laws of the society.
• C) It is the managerial obligation to take action that protects and improves both the welfare of society as a whole and the interests of the organization.
• D) It is the managerial obligation to abide to societal laws when pursuing organizational goals.
• E) It is the managerial obligation to ensure ethical decision making in an organization to benefit its customers.

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Definitions:

Organizational Goals

The strategic objectives that a company or an institution aims to achieve in a set period of time, guiding its decisions and resource allocation.

Customer Complaints

Expressions of dissatisfaction or issues raised by customers regarding a company's products, services, or operations, prompting a need for resolution.

Positive Attitude

A mindset that focuses on the good aspects of any situation and expects positive outcomes, influencing one’s behavior and interactions.

Human Skills

Abilities that enable individuals to work well with others, such as communication, empathy, and leadership.