​The Economic Model of Social Responsibility Holds That Society Will

question 211

Multiple Choice

​The economic model of social responsibility holds that society will benefit most when business is left alone to produce and market profitable products that society needs.This economic model is based on the notion that

• A) ​social responsibility is someone else's job.
• B) ​social responsibility is a privilege and duty of every business.
• C) ​social responsibility is a burden but should nonetheless be undertaken.
• D) ​social responsibility brings great benefits to the business that undertakes to act on it.

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Definitions:

Equal Payments

Regularly scheduled payments of the same amount, common in loans and amortization plans.

Compounded Annually

Interest that is calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan, done once a year.

Compounded Monthly

This refers to the calculation of interest on the initial principal and the accumulated interest over previous periods on a monthly basis.

Investor

An entity or individual who commits funds hoping to achieve monetary rewards.