Among the Merits of Why Acting in a Socially Responsible

question 78

Multiple Choice

Among the merits of why acting in a socially responsible manner is "good business," what remains to be proven in practice?

• A)Companies with good reputations for contributing time and money to bettering society are better able to attract and retain employees compared to companies with tarnished reputations.
• B)That there is a high correlation between socially responsible behavior that addresses social issues and a firm's competitive advantage and financial performance.
• C)To the extent that a company's socially responsible behavior wins applause from consumers and fortifies its reputation, a company may win additional patronage.
• D)Operating in a socially responsible manner protects the company from consumer, environmental, and human rights activist groups that are quick to criticize businesses whose behavior they consider to be out of line.
• E)Well-conceived social responsibility strategies help avoid or preempt legal and regulatory actions that could prove costly to the company.

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Definitions:

Medicare

A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.