Social Responsibility Refers to the Idea That Businesspeople Should Favor

question 29

True/False

Social responsibility refers to the idea that businesspeople should favor decisions that have both good economic and social consequences.

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Definitions:

Theory Y

A management concept suggesting that employees are inherently motivated to work and will show high levels of creativity and responsibility if given the chance.

Model of Communication

A theoretical framework that describes how information is transmitted and received between communicators.

Type of Organization

Classifications of organizations based on structure, purpose, and objectives, such as nonprofit, for-profit, governmental, and nongovernmental.

Multiunit Organizations

Entities that operate across multiple physical locations or units, often to help achieve broader objectives than those possible through a single-unit operation.