Social Responsibility Refers to

question 46

Multiple Choice

Social responsibility refers to

• A)a personal moral philosophy that focuses on the greatest good for the greatest number by assessing the costs and benefits of the consequences of ethical behavior.
• B)a democratic consensus of moral principles and laws that govern the behavior of individuals based on legislation adopted at the federal,state,and local levels.
• C)a societal moral philosophy based on the Golden Rule of the Judeo-Christian ethic found in the U.S.Constitution's Bill of Rights.
• D)the view that organizations are part of a larger society and are accountable to that society for their actions.
• E)a personal moral philosophy that considers individual rights or duties as universal,regardless of the outcome.

---

Definitions:

Price Elastic

refers to the responsiveness of the quantity demanded of a good or service to a change in its price.

Per-Unit Tax

A tax imposed on a product based on the number of units purchased, not the value of the purchase.

Buyers

Individuals or entities that exchange money for goods and services.

Sellers

Individuals or entities that offer goods or services to buyers in exchange for payment.