According to the _____, the Only Social Responsibility That Businesses

question 44

Multiple Choice

According to the _____, the only social responsibility that businesses have is to maximize profits.

• A) economic model
• B) stakeholder model
• C) shareholder model
• D) accounting model

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Definitions:

Natural Resources

Raw materials and components found in nature that can be used to produce goods and provide services, such as water, forests, and minerals.

Scarcer Over Time

indicates that a resource or good is becoming less available or more difficult to obtain as time progresses.

Saving Rate

The proportion of income that is not spent, but instead saved by individuals, households or the nation as a whole.

Productivity

measures the efficiency of production in terms of the amount of output generated per unit of input, such as labor or capital.