​Proponents of the Socioeconomic Model of Social Responsibility Make All

question 126

Multiple Choice

​Proponents of the socioeconomic model of social responsibility make all of the following arguments to support their position except

• A) ​by being social responsible the company will make more money.
• B) ​being socially responsible is important because the business has the technical,financial,and managerial resources needed to tackle today's complex social issues.
• C) ​by helping resolve social issues,businesses can create a more stable environment for long-term profitability.
• D) ​socially responsible decision making by firms can prevent increased government interventions,which would force businesses to do what they fail to do voluntarily.

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Definitions:

Forecast Accuracy

The degree to which a forecast predicts actual outcomes.

Sum of Squares

A statistical technique used to measure the variation or dispersion of a set of values, by quantifying the summation of the squared differences between each value and the mean of the set.

Deseasonalized Time Series

A time series from which seasonal effects have been removed to analyze the underlying trend without seasonal variability.

Moving Averages

Moving averages are statistical measures used to analyze data points by creating a series of averages of different subsets of the full data set.