The Idea That Organizations Are Part of a Larger Society

question 59

Multiple Choice

The idea that organizations are part of a larger society and are accountable to that society for their actions is referred to as

• A) stakeholder responsibility.
• B) social responsibility.
• C) profit responsibility.
• D) utilitarianism.
• E) moral idealism.

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Definitions:

Shares

Portions of ownership in a corporation.

Date Of Record

A specific date set by a company on which the shareholders of record are entitled to receive a dividend or other distribution.

Dividend

A payment made by a corporation to its shareholders, usually derived from profits.

Stock Owners

Individuals or entities that hold shares of stock in a corporation, representing partial ownership of that corporation.