_________________ Implies That an Entity Whether It Is a Government,corporation,organization,or

question 51

Multiple Choice

_________________ implies that an entity whether it is a government,corporation,organization,or individual has a responsibility to society.

• A) Corporate responsibility
• B) Social responsibility
• C) Corporate policy
• D) Sustainable, or "green," IT

---

Definitions:

Civic Authorities

Government officials or bodies responsible for governing a city or town, and managing local services and regulations.

Long-run Supply Function

An economic concept that describes the total quantity of products that firms are willing to supply over a long period, taking into account the adjustments in production factors and technology.

Equilibrium Price

The price at which the quantity of a good or service offered for sale matches the quantity being demanded, ensuing a state of balance in the market.

Inverse Demand Function

A mathematical function that expresses the price of a good or service as a function of the quantity demanded, showing how price varies with demand levels.