According to Carroll, the Responsibility That Management of a Business

question 40

Multiple Choice

According to Carroll, the responsibility that management of a business organization has to produce goods and services of value to society so that the firm may repay its creditors and stockholders is called

• A)legal responsibilities.
• B)ethical responsibilities.
• C)financial responsibilities.
• D)economic responsibilities.
• E)discretionary responsibilities.

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Definitions:

Memory

The cognitive function that allows individuals to store, retain, and recall information and experiences.

Adversities

Difficult or unpleasant situations and experiences that may pose challenges to individuals or communities.

Wisdom

The ability to apply knowledge, experience, understanding, and common sense in a considered and judicious way, often associated with insight and good judgment.

Great Depression

A severe worldwide economic downturn that lasted from 1929 to the late 1930s, marked by massive unemployment, bank failures, and a significant reduction in economic activity.