The Idea That Businesses Should Act in the Interests of Society

question 27

Multiple Choice

The idea that businesses should act in the interests of society at large,taking into consideration all of its stakeholders is the foundation of ________________________________.

• A) business law
• B) social responsibility
• C) stock holder responsibility
• D) ethical universalism

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Definitions:

Behavioural Science

Behavioural science is a field of study that explores the activities and interactions among humans, diving into areas like psychology, cognitive science, and anthropology to understand behavior.

Organizational Development

A field of research, theory, and practice dedicated to expanding the knowledge and effectiveness of people to accomplish more successful organizational change and performance.

Organizational Change

The process by which companies or organizations alter their structures, strategies, operational methods, technologies, or organizational culture to effect change within the organization and adapt to new conditions.

Behavioural Science

The study of human and animal behavior through observation and scientific analysis.