What Is the Difference Between Ethics and Social Responsibility? What

question 79

Essay

What is the difference between ethics and social responsibility? What are some of the social responsibility issues that MNCs must consider?

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Definitions:

Government Grant

Financial assistance given by the government to individuals, organizations, or companies for specific projects or purposes, not requiring repayment.

Partnership

An official business arrangement where several individuals jointly manage the business and divide the profits among themselves.

Articles of Organization

Official papers submitted to state authorities to formally establish a limited liability company (LLC).

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership with the limited liability of a corporation.