There Are Three Concepts of Social Responsibility, Each Relating to Particular

question 81

Multiple Choice

There are three concepts of social responsibility, each relating to particular constituencies. Profit responsibility is characterized by

• A) the triple bottom line, to achieve sustainable, long-term growth.
• B) a focus on the obligations an organization has to those who can affect achievement of its objectives.
• C) an engagement in open and free competition without deception or fraud.
• D) an unrelenting customer focus.
• E) a focus on seller-oriented outcomes.

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Definitions:

Legal Institutions

are established organizations within a society that develop, enforce, and interpret laws governing the behavior of individuals and groups.

Self-Directed Teams

Groups of employees who manage their own work and procedures without direct supervision.

Organizational Change

Describes alterations in a company's structure, strategies, operational methods, or culture, typically aiming for growth or improvement.

Strategic Plan

A long-term roadmap designed by an organization to guide its direction, set goals, and outline approaches to achieve those goals.