The Idea That Organizations Are Part of a Larger Society

question 59

Multiple Choice

The idea that organizations are part of a larger society and are accountable to that society for their actions is referred to as

• A) stakeholder responsibility.
• B) social responsibility.
• C) profit responsibility.
• D) utilitarianism.
• E) moral idealism.

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Definitions:

Art Show

An exhibition or display of artworks in a gallery or venue where artists can present their works to the public and potentially sell them.

Prestigious

Describes something or someone that is highly respected and admired for being successful or of high quality.

Contract Performance

Refers to the execution of the duties and obligations as outlined in a contract by the parties involved.

Breach of Condition

A breach of condition refers to the failure to meet a critical term of a contract, which can entitle the other party to terminate the agreement and seek damages.