The Manager of a Large Chain Recently Spoke to a Group

question 91

Multiple Choice

The manager of a large chain recently spoke to a group of college students about being successful in the business world. He focused particularly on the importance of fulfilling the purpose of the business organization: that is, to produce and market profitable products needed by society. In so doing, he indicated that a stockholder, not the society as a whole, invests in a corporation to earn a return on his or her investment and that a firm is legally obligated to act in stockholders' interests. What concept do the manager's comments reveal?

• A) Socioeconomic model of social responsibility
• B) Economic model of social responsibility
• C) Strictest model of social responsibility
• D) Consumerism
• E) Rights of employees

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Definitions:

Public School

In many countries, a government-funded school that provides education to the public without charge. In other contexts, such as the UK, it refers to a historically prestigious, privately funded school.

Intellectual Disability

A term used when a person has certain limitations in mental functioning and in skills such as communicating, taking care of themselves, and social skills, beginning before adulthood.

Lead Poisoning

The accumulation of lead in the body, often due to exposure to lead-containing substances, leading to serious health problems.

Meningitis

An inflammation of the membranes (meninges) surrounding the brain and spinal cord, often caused by infection.