According to the Theory of ________, If a Business Corrects

question 16

Multiple Choice

According to the theory of ________, if a business corrects the social injury it causes, it has met its duty of social responsibility.

• A) moral minimum
• B) maximizing profits
• C) corporate citizenship
• D) stakeholder interest

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Definitions:

UCC

A comprehensive set of laws governing commercial transactions in the United States, designed to harmonize the law of sales and other commercial dealings across the country.

United Nations Declaration

A formal statement or document adopted by the United Nations outlining principles, rights, or intentions in various global matters.

Human Rights

Fundamental rights and freedoms that every person is entitled to regardless of nationality, sex, national or ethnic origin, race, religion, language, or any other status.

Quasi-contract Liability

Refers to the legal responsibility imposed by the court to prevent unjust enrichment when no actual contract exists between parties.