Arguments Exist Which Oppose Business Involvement in Socially Responsible Activities

question 18

True/False

Arguments exist which oppose business involvement in socially responsible activities.These arguments involve profitability, unfairness to employees and shareholders, accountability, and lack of expertise managing socially useful activities.

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Definitions:

Groupthink

A psychological phenomenon where the desire for harmony in a decision-making group results in an irrational or dysfunctional decision outcome.

Highly Cohesive Group

A group characterized by a strong sense of belonging and unity among its members, often leading to higher levels of cooperation and achievement.

Constant Communication

The ongoing exchange of information, thoughts, or messages between individuals or groups, often facilitated by modern technology.

Gustav Le Bon

was a French social psychologist best known for his work on crowd psychology, explaining how an individual's behavior in a crowd differs from their behavior alone.