The Social Responsibility of Business Consists Only of the Expectations

question 33

True/False

The social responsibility of business consists only of the expectations employees have of employers.

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Definitions:

Private Sector

The part of the economy that is not state-controlled and is run by individuals and companies for profit.

Ad Hoc Relationships

Temporary and specific relationships formed for a particular task or purpose, without a long-term commitment.

Collaboration

The act of working jointly with others, especially in a joint intellectual effort, to achieve a common goal or produce a shared outcome.

Collective Impact

A collaborative effort by various stakeholders (government, nonprofits, businesses) to address complex social problems through agreed upon strategies, shared measurements, and continuous communication.