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:

Social Laws

Rules or norms that govern behaviors within a society, which are created and enforced by societal institutions.

Humanism

An intellectual movement that emphasizes the value and agency of human beings, individually, and collectively, and generally prefers critical thinking and evidence over acceptance of dogma or superstition.

Structuralism

An analytical approach in social sciences focusing on the underlying structures that govern human behavior and society.

Postmodern Theory

A philosophical perspective focusing on the complexities and contradictions in modern society, questioning universal truths and emphasizing the role of power in knowledge construction.