The Notion of Social Responsibility as It Applies to Businesses

question 41

Multiple Choice

The notion of social responsibility as it applies to businesses concerns

• A) a company's duty to put the public interest ahead of shareholder interests.
• B) societal expectations that all company stakeholders will be treated equally and fairly.
• C) a company's duty to establish socially acceptable core values and to have a strictly enforced code of ethical conduct.
• D) the responsibility that top management has for ensuring that the company's actions and decisions are in the best interest of society at large.
• E) a company's duty to operate in an honorable manner, provide good working conditions for employees, be a good steward of the environment, and actively work to better the quality of life in the local communities where it operates and in society at large.

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Definitions:

Protect

To guard or defend something or someone from harm, damage, or potential threats.

Organizational Barriers

Hindrances within a company that prevent effective communication, decision-making, and processes.

Whistle Blowing

Involves an employee or former employee of an organization calling public attention to serious wrongdoing or danger within the organization.

Moral Quality Circles

Groups focused on identifying, discussing, and solving ethical issues in the workplace to promote integrity and moral behavior.