What Does a Reference to the "Social Responsibility of Business

question 8

Essay

What does a reference to the "social responsibility of business" mean? Should businesses consider community expectations, and why or why not?

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Definitions:

Positive Outcomes

Favorable, beneficial, or desirable results from actions, decisions, or situations.

Fundamental Attribution Error

Overestimates internal factors and underestimates external factors as influences on someone’s behavior.

Situational Factors

External conditions or events that influence an individual's behavior or outcomes, often beyond their control.

Personal Factors

Characteristics inherent to an individual that influence behavior and performance, such as personality traits, values, and abilities.