Which of the Following Describes the Range of the Spectrum

question 91

Multiple Choice

Which of the following describes the range of the spectrum of social responsibility?

• A)from firms that do not spend any profits on socially responsible causes to firms that are willing to be unprofitable for the sake of socially responsible causes
• B)from employees who choose not to support social causes in any way to those who donate not only money to social causes but also their own time and efforts
• C)from firms that tolerate social ambiguity in their strategic plans to firms that never tolerate social ambiguity in their strategic plans
• D)from firms that never contribute to socially responsible causes to firms whose strategic plans include socially responsible initiatives

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Definitions:

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single participant has significant power to dictate the price of goods and services.

Market Price

The price at which a good or service is currently sold in the market.

Competitive Industry

An industry characterized by many sellers and buyers, where no single entity has the market power to influence prices significantly.

Short Run

A period in economics during which the quantity and quality of one or more production factors remain unchanged.