The Socioeconomic View of Social Responsibility Is That a For-Profit

question 80

Multiple Choice

The socioeconomic view of social responsibility is that a for-profit organization's responsibility is ________.

• A)to maximize stockholder wealth
• B)to maximize both profits and the general welfare
• C)to do what only the law requires
• D)to maximize opportunities for citizens in developing countries

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Definitions:

Used Textbooks

Previously owned textbooks that are resold or reused, often available at a lower price than new textbooks.

Economic Downturn

A period of decline in economic performance across a broad area, typically characterized by reduced industrial activity, consumer spending, and increased unemployment.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.

Pink Slip

An informal term for the notice of dismissal given to an employee; historically, it referred to a pink-colored document.