There Are Three Concepts of Social Responsibility, Each Relating to Particular

question 137

Multiple Choice

There are three concepts of social responsibility, each relating to particular constituencies. Stakeholder responsibility is characterized by

• A) the triple bottom line, to achieve sustainable, long-term growth.
• B) a focus on the obligations an organization has to those who can affect achievement of its objectives.
• C) an engagement in open and free competition without deception or fraud.
• D) an unrelenting customer focus.
• E) a focus on seller-oriented outcomes.

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Definitions:

Violate

To break or fail to comply with a rule or formal agreement.

Limited Liability Partnership

A business structure that allows partners to have limited liabilities, protecting personal assets from business debts.

Owners

Individuals or entities that possess an item or asset and have legal rights and control over it.

Taxes

Compulsory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.