The Recognition of the Close Link Between an Organization's Decisions

question 68

Multiple Choice

The recognition of the close link between an organization's decisions and activities and its impact on the natural environment is referred to as ________.

• A) corporate social responsibility
• B) social responsiveness
• C) shared corporate values
• D) sustainable management
• E) environmental activism

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Definitions:

Deflationary Gap

A situation in which the total spending in an economy is lower than the necessary amount to achieve full employment or potential output.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country over a specified period.

MPC

The marginal propensity to consume, which measures the portion of additional income that an individual spends on consumption instead of saving.

Multiplier

In macroeconomics, a factor that quantifies the effect of an initial change in the economy (such as investment or spending) on the total level of economic activity.