According to the ________ Argument on Social Responsibility, Businesses Should

question 75

Multiple Choice

According to the ________ argument on social responsibility, businesses should be socially responsible because responsible actions are the right thing to do.

• A) public expectation
• B) ethical obligation
• C) public image
• D) long-run profit

Understand the classification and impact of different types of capital in the economy.

Recognize the significance of patents and proprietary knowledge to innovation and economic growth.

Identify the role of nonrenewable resources in production and their contrast with renewable resources.

Differentiate between human capital and physical capital and their contribution to productivity.

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Definitions:

Projects

Specific, planned activities with defined goals and objectives, undertaken to achieve a desired outcome.

CCA Class

Stands for Capital Cost Allowance Class, a categorization in tax systems for depreciation of assets for tax purposes.

Pre-tax Cost Reduction

A reduction in expenses that occurs before taxes have been applied, aimed at improving a company's profitability.