________ Is Defined as a Business Firm's Intention,beyond Its Legal

question 13

Multiple Choice

________ is defined as a business firm's intention,beyond its legal and economic obligations,to do the right things and act in ways that are good for society.

• A)Social obligation
• B)Social responsibility
• C)Values-based management
• D)Social responsiveness

---

Definitions:

Shifted

Shifted refers to the change in position, direction, or tendency of an object, market demand/supply curve, or another measurable factor.

Income Tax

A tax imposed by the government on the income earned by individuals and businesses within its jurisdiction.

Sales Tax

A tax levied on sales of goods and services, typically calculated as a percentage of the purchase price, paid by consumers at the point of sale.

Interest Rates

Charges applied on borrowed money or returns on invested capital, which vary based on the time, inflation, risk, and liquidity.