Ian Is the President of a Medium-Sized Manufacturing Company

question 274

Multiple Choice

Ian is the president of a medium-sized manufacturing company. He wants to ensure that his company behaves in a socially responsible way. Which of the following is the greatest challenge facing Ian?

• A) Determining how to respond to the interests of one part of society which conflicts with the needs of another part of society
• B) Determining the contents of the code of ethics and what takes priority
• C) Determining when to conduct a social audit
• D) Knowing what social responsibility is
• E) Determining when to conduct ethical training for employees

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Definitions:

Regulated

Controlled or governed according to rule or principle, often by legislation.

Environmental Pollution

The contamination of the natural environment by pollutants from human activities, leading to harmful effects on ecosystems.

Property Rights

Legal rights to possess, use, and dispose of assets, including real property (land and buildings) and intellectual property.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by one individual without reducing the availability to another, and no one can be effectively excluded from using them.