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

question 81

Multiple Choice

There are three concepts of social responsibility, each relating to particular constituencies. Profit 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:

Crystal Ball

A metaphor often used to refer to the prediction of future events or the ability to foresee the future.

Correlation Matrix Tool

A table showing the correlation coefficients between sets of variables, used to determine the degree and direction of relationships.

Crystal Ball

A software product used for simulation, forecasting, and optimization.

Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot increase proportionally and starts to decrease.