A Factor Demanding the Ethical and Social Responsibility of Business

question 15

Multiple Choice

A factor demanding the ethical and social responsibility of business is:

• A) the "invisible hand" of competition.
• B) the sheer size and power of individual corporations.
• C) the fact that self-regulation has been effective in achieving social goals.
• D) great amounts of wealth and economic power are controlled by a small number of shareholders who own and exercise tight control over a large number of corporations.

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Definitions:

Respondeat Superior

A legal doctrine holding employers liable for wrongful acts committed by employees while performing their job duties.

Independent Contractor

A person or entity contracted to perform work for another entity as a non-employee, responsible for their own taxes and benefits.

Tortious Actions

Wrongful acts that cause harm or loss to another, leading to civil legal liability.

Respondeat Superior

A legal doctrine holding an employer or principal liable for the actions of an employee or agent performed within the course of their employment or agency.