Which of the Following Statements About Social Responsibility Is Most

question 115

Multiple Choice

Which of the following statements about social responsibility is most accurate?

• A) The three concepts of social responsibility are economic responsibility, internal social responsibility, and external social responsibility.
• B) Organizations are part of a larger society and are accountable to that society for their actions.
• C) Societal responsibility focuses on the obligations an organization has to its customers, employees, suppliers, and distributors.
• D) The duty of an organization is most easily understood at the societal responsibility level.
• E) Social responsibility cannot be taught; it is an innate outgrowth of a person's moral and ethical belief system.

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service offered for sale matches the quantity being demanded, ensuing a state of balance in the market.

Inverse Demand Function

A mathematical function that expresses the price of a good or service as a function of the quantity demanded, showing how price varies with demand levels.

Tax Imposed

A financial charge or other levy placed upon an individual or a legal entity by a governmental organization in order to fund various public expenditures.

Grapefruit

A large, tart citrus fruit with a segmented interior, often eaten for breakfast or used in culinary dishes.