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Approaches to Social Responsibility (Scenario)

question 131

Multiple Choice

Approaches to Social Responsibility (Scenario)
Marco was confused. His management class was focusing on social responsibility, and his assignment was to find examples of businesses that used different approaches toward social responsibility. He had three good examples but was not sure which case was an example of which concept. The first business was a fishing company that had been subject to protests from environmentalists. In their efforts to balance the interests of shareholders and other stakeholders, the company decided to change their harvesting methods so that dolphins would no longer be caught with tuna. The second company was a fast-food restaurant whose primary objective was to maximize profits for its owners. Restaurant employees were paid minimum wages and benefits in accordance with local labour laws. The third business was a bank that spent millions of dollars a year on charitable causes. The bank's managers felt they had an ethical responsibility to do the right things and act in ways that are good for society.
-The approach taken by managers at the bank is best described as social ________.

Definitions:

Parallel Processing

The ability of the brain to simultaneously process incoming stimuli of differing quality, facilitating complex tasks like vision and motor control.

Change Blindness

A phenomenon where observers fail to notice changes in a visual scene, indicating limitations in attention and perception.

Selective Attention

The process of focusing on a particular object in the environment for a certain period of time while ignoring irrelevant information.

Change Blindness

A psychological phenomenon where an individual fails to notice significant changes in their visual field when such changes occur during a visual disruption.