Which of the Following Statements About Social Responsibility Is True

question 33

Multiple Choice

Which of the following statements about social responsibility is true?

• A) The federal government has written laws that require businesses to act in a socially responsible way.
• B) Companies that exhibit corporate philanthropy are not acting in a socially responsible way.
• C) The four components of the social responsibility pyramid model are equally important.
• D) The obligation that a business has to act in a socially responsible way extends beyond shareholders,to include employees,suppliers,consumers,and the community.

---

Definitions:

Assets

Items of value owned by a person or company, encompassing both tangible and intangible items that can be used to produce positive economic value.

Machinery

Mechanical devices or equipment that perform various tasks in a production process or other applications.

Cash Flow

The complete sum of funds moving in and out of a company, significantly influencing its cash flow.

Stockholders

Persons or organizations that hold legal ownership of one or more shares in a corporation.