Approaches to Social Responsibility (Scenario)

question 71

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 the fast food restaurant also follows the ________ view of social responsibility.

• A)classical
• B)conservative
• C)socio-political
• D)socioeconomic

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Definitions:

Light Purity

The degree to which a light source emits a single wavelength, influencing the color's vividness or saturation.

Wavelength

The distance between identical points in the adjacent cycles of a waveform signal propagated in space or along a wire.

Saturation

A state or process in which a quantity has reached its maximum capacity or a point beyond which no additional absorption or reaction can occur.

Sensory Adaptation

A process whereby sensory receptors grow less responsive to stimuli that do not vary with time.