Business Decisions Should Not Simply Be Focused on the Degree

question 28

Multiple Choice

Business decisions should not simply be focused on the degree of economic profit to be earned.There are other factors,including societal consequences,which need to be considered when making decisions about the direction of a business.To which proposition of the Davis model of corporate social responsibility does this strictly pertain?

• A) Business shall operate as a two-way open system, with open receipt of inputs from society and open disclosure of its operations to the public.
• B) The social costs related to each activity, product, or service shall be passed on to the consumer.
• C) The social costs and benefits of an activity, product, or service shall be thoroughly calculated and considered in deciding whether to proceed with it.
• D) Business institutions have the responsibility to become involved in certain social problems that are outside their normal areas of operation.

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Definitions:

Universal System

A theoretical system or framework that applies universally, across different cultures, societies, or disciplines, often used in models of scientific or social analysis.

Compulsory Attendance

Refers to the legal requirement that forces children of certain ages to attend school.

Hidden Curriculum

The unwritten, unofficial, and often unintended lessons, values, and perspectives that students learn in school alongside the official curriculum.

Visible Minorities

Individuals belonging to non-majority racial or ethnic groups within a specific country or region, often recognized by their distinct physical characteristics.