Whose Priorities Do Socially Responsible Businesses Consider in Their Business

question 71

Multiple Choice

Whose priorities do socially responsible businesses consider in their business decision making?

• A) the highest-paid employees
• B) other businesses
• C) competitors
• D) stakeholders

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Definitions:

Dissonance Reduction

The process of rationalizing or justifying conflicting thoughts, beliefs, or attitudes to reduce psychological discomfort.

Theory of Planned Behavior

A psychological theory which states that an individual's behavior is determined by their intention to perform the behavior, which in turn is influenced by their attitudes, subjective norms, and perceived behavioral control.

Subjective Norm

An individual's perception of social pressure to perform or not perform a particular behavior, influenced by the beliefs about what important others think they should do.

Volitional Control

Refers to the ability to make wilful, conscious decisions or exert self-control over one's actions and reactions.