Identify a True Statement About the Philanthropic Perspective of the Economic

question 41

Multiple Choice

Identify a true statement about the philanthropic perspective of the economic model of corporate social responsibility.

• A)It argues that business has an ethical duty to respect the rights of consumers to such things as safe products and truthful advertising,even when not specified in law.
• B)This approach holds that as long as managers comply with the moral minimum and cause no harm,they have a responsibility to maximize profits.
• C)This approach is especially common with small,privately owned businesses where the owners also often play a prominent leadership role within their local community.
• D)It recognizes that every business decision imposes costs on someone and mandates that those costs be acknowledgeD.

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Definitions:

Psychological Tests

Standardized measures designed to assess various aspects of a person's mental abilities, behaviors, or personality.

Standardized Measurement

A measurement process that is consistent and uniform, allowing for comparisons across different times or groups.

Characteristic Behavior

Actions or reactions that are typical or expected of a person, group, or system in particular situations.

Collectivist Cultures

Societies where people are integrated into strong, cohesive in-groups, often extended families, which ensure protection in exchange for loyalty.