What Is the Name of the Concept That Expanded the Role

question 35

Multiple Choice

What is the name of the concept that expanded the role of business in protecting and enhancing the general welfare of society?

• A) Ethics
• B) Morals
• C) Social responsibility
• D) Accountability
• E) Restraint

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Definitions:

Risk

The possibility of suffering harm or loss; uncertainties affecting the outcome of investment decisions.

Start-Up Process

The series of steps entrepreneurs follow to establish a new business, including idea generation, market research, and securing financing.

Harvest

The stage when the owner removes him or herself from the business. Harvesting a business can be thought of as picking the fruit after years of labor.

Small Business Owner

An individual who owns and operates a business of small size, defined by its revenue, assets, or number of employees, often playing a hands-on role in its operations.