Which of the Following Statements Is True of the Social

question 32

Multiple Choice

Which of the following statements is true of the social responsibilities of a business?

• A) A firm's ethical responsibilities go beyond its legal responsibilities.
• B) Shareholders mandatorily require a firm to perform its ethical and philanthropic responsibilities.
• C) Ethical responsibilities are the foundational building block of a firm's social responsibility.
• D) Legal responsibilities are often subsumed under the idea of corporate citizenship, reflecting the notion of voluntarily giving back to society.

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Definitions:

Financial Analyst

A professional responsible for assessing financial data and trends to provide insights and recommendations for businesses or investments.

Job Applicant

A job applicant is an individual who expresses interest in and applies for a vacant position within a company or organization.

Customer Care Center

A department within a company that handles inquiries, supports customers with their needs, and resolves any problems or complaints.

Defective Product

A Defective Product is an item that fails to meet quality standards or does not function as intended, leading to dissatisfaction or harm.