What Term Refers to the Way in Which a Business

question 104

Multiple Choice

What term refers to the way in which a business tries to balance its commitments to groups and individuals in its social environment?

• A) Business ethics
• B) Socialization
• C) Stakeholder consciousness
• D) Social responsibility
• E) Corporatization

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Definitions:

Collective Efficacy

Collective efficacy refers to the shared belief in a group's abilities to organize and execute the courses of action required to achieve given objectives.

False Consensus

A cognitive bias where people overestimate how much others agree with their own beliefs, behaviors, and attitudes.

Brainstorming

A group creativity technique designed to generate a large number of ideas for the solution to a problem in an uninhibited, non-judgmental environment.

Idea Generation

The process of creating, developing, and communicating new concepts or solutions.