Societal Responsibility Refers to

question 130

Multiple Choice

Societal responsibility refers to

• A)the obligation that organizations have to (1)the preservation of the ecological environment and (2)the general public.
• B)the obligation of a firm to price its products or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit.
• C)the view that an organization has an obligation to those who can affect the achievement of its objectives.
• D)the duty of a firm to maximize profits for its owners or stockholders.
• E)the idea that organizations are part of a larger society and are accountable to that society for their actions.

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Definitions:

Transgenic Organisms

Organisms that have been genetically modified to contain DNA from an external species.

Gene Expression

The process by which information from a gene is used to synthesize a functional gene product, often a protein.

Genetic Diseases

Disorders caused by abnormalities in an individual’s DNA, often leading to dysfunctions in health and development.

Gene Therapy

Any of a variety of methods designed to correct a disease or alleviate its symptoms through the introduction of normal, therapeutic genes into the affected person’s cells.