In Terms of Social Responsibility,which of the Following Arguments Is

question 20

Multiple Choice

In terms of social responsibility,which of the following arguments is true?

• A)Under provisions of most incorporation statutes,a corporation is considered nothing more than a company.
• B)The decisions of corporate managers must always be narrowly focused on the profits of the shareholders.
• C)Corporate social responsibility is based on the premise that it is unethical for corporations to earn profits for themselves.
• D)Corporate decisions have an impact on more people than just the shareholders and managers.

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Definitions:

Payee

In a monetary transaction, the recipient of the payment.

Maker

In a financial context, the maker is the party that creates or issues a financial instrument, such as a check or promissory note.

Cashier

An employee who handles customer transactions and the management of money in a retail environment, often responsible for processing cash, credit, and other forms of payment.

Bookkeeper

An individual responsible for recording and maintaining a company's financial transactions, such as purchases, sales, receipts, and payments.