What Is the Range of the Spectrum of Social Responsibility

question 131

Multiple Choice

What is the range of the spectrum of social responsibility?

• A) from firms that do not spend any profits on socially responsible causes to firms that are willing to be unprofitable for the sake of socially responsible causes
• B) from employees who choose not to support social causes in any way to those who donate not only money to social causes but also their own time and efforts
• C) from firms that tolerate social ambiguity in their strategic plans to firms that never tolerate social ambiguity in their strategic plans
• D) from firms that never contribute to socially responsible causes to firms whose strategic plans include socially responsible initiatives

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Definitions:

Fossil Fuels

Fossil fuels are natural fuels such as coal, oil, and natural gas derived from the remains of living organisms that have been transformed over millions of years through heat and pressure.

Nonrenewable Energy Sources

Energy resources such as coal, oil, and natural gas that cannot be replenished in a short period of time and will eventually deplete.

Scarce Resources

Resources that are limited in availability and can be used in the production of goods and services.

Tradeoffs

The compromise or sacrifice of one thing in order to obtain another, often used in discussions of economic policy and individual choices.