Societal Responsibility Refers to

question 101

Multiple Choice

Societal responsibility refers to

• A)the obligation that organizations have to (1)the preservation of ecological environment and (2)the general public.
• B)the obligation of a firm to price its products or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit.
• C)the view that an organization has an obligation to those who can affect the achievement of its objectives.
• D)the duty of a firm to maximize profits for its owners or stockholders.
• E)the idea that organizations are part of a larger society and are accountable to that society for their actions.

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Definitions:

Consensus Theory

A sociological perspective suggesting that social order and stability are maintained through a general consensus on values, norms, and rules within society.

Punishment

The imposition of a penalty as retribution for an offense, often used within the context of criminal justice to deter unlawful behavior.

Rational Factors

Elements or considerations based on reason, logic, or facts that influence decisions or behaviors.

Hate Crimes

Criminal acts motivated by bias or prejudice towards particular groups, often defined by race, religion, sexual orientation, or ethnicity.