Which of the Following Statements Best Describes Social Responsibility

question 127

Multiple Choice

Which of the following statements best describes social responsibility?

• A) The federal government has written laws that require businesses to act in a socially responsible way.
• B) Companies that exhibit corporate philanthropy are not acting in a socially responsible way.
• C) The four components of the social responsibility pyramid model are equally important.
• D) The obligation that a business has to act in a socially responsible way extends beyond shareholders, to include employees, suppliers, consumers, and the community.

Uncover the rationale and economic impact of licensing in professions with high stakes for consumer welfare.

Recognize the role of public goods and the problem of underproduction in a free-market economy.

Identify the importance of externalities and their impact on market efficiency.

Comprehend the significance of imperfect information in market transactions.

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Definitions:

Health Care Provider

A trained individual, such as a doctor, nurse, or therapist, who offers preventive, curative, promotional, or rehabilitative health care services.

Postanesthesia Care Unit

A specialized unit in hospitals where patients recover from anesthesia following surgery.

Medical-Surgical Floor

A hospital unit specializing in the care of patients who require surgical or non-intensive medical treatment.

Vital Signs

Measurements of the body's most basic functions, including temperature, pulse, breathing rate, and blood pressure, used to assess the general physical health of a person.