Which of the Following Defines the Organisation's Social Responsibilities

question 79

Multiple Choice

Which of the following defines the organisation's social responsibilities?

• A)The organisation's marketing team
• B)The organisation
• C)The law and government
• D)The organisation's customers

Understand the fundamental principles and arguments for and against corporate social responsibility (CSR).

Recognize the impact of corporate actions on various stakeholders including the community, employees, and the environment.

Identify different views on the role of businesses in society, from classical economic to socioeconomic models.

Comprehend the strategies businesses can adopt toward social responsibility, from reaction to proaction.

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Definitions:

Marginal Revenue

The additional revenue that a firm earns by selling one more unit of a good or service.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied changes infinitely with any change in price.

Perfect Mobility

An economic condition where factors of production such as labor and capital can be easily moved across industries or geographies without costs or barriers.

Perfect Knowledge

A hypothetical situation in which all parties in the market have complete and absolute information about the market conditions and variables.