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Approaches to Social Responsibility (Scenario)

question 81

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 fishing company is generally thought to be more ________ than the approach taken by the bank.

Definitions:

Delegation

The assignment of responsibility or authority to another person (typically from a manager to a subordinate) to carry out specific activities.

Stress

A psychological and physical response to demands that exceed an individual’s perceived ability to cope, leading to tension and strain.

Harassment

Unwanted conduct affecting the dignity of individuals, often creating an intimidating, hostile, or offensive environment.

Bullying

Repeated and unwanted aggressive behavior by an individual or group that involves a real or perceived power imbalance.