Refer to the Scenario Below to Answer the Following Questions

question 35

Multiple Choice

Refer to the scenario below to answer the following questions.
Approaches to Social Responsibility (Scenario)
Marco was confused. His management class was focusing on social responsibility, and his assignment was to find examples of businesses that used different approaches toward social responsibility. He had three good examples but was not sure which case was an example of which concept. The first business was a fishing company that had been subject to protests from environmentalists. In their efforts to balance the interests of shareholders and other stakeholders, the company decided to change their harvesting methods so that dolphins would no longer be caught with the tuna. The second company was a fast-food restaurant whose primary objective was to maximize profits for its owners. Restaurant employees were paid minimum wages and benefits in accordance with local labour laws. The third business was a bank that spent millions of dollars a year on charitable causes. The bank's managers felt they had an ethical responsibility to do the right things and act in ways that are good for society.
-The approach taken by the fast food restaurant also follows the __________ view of social responsibility.

• A) classical
• B) conservative
• C) socio-political
• D) socio-economic
• E) progressive

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Definitions:

Continuous Production

A manufacturing process where materials are produced without interruption around the clock.

Like Units

A term used in manufacturing or project management to describe items or resources that are comparable in function or use, often for the purpose of standardization or simplification.

Work in Process Inventory

Items that are partially completed in the manufacturing process but not yet ready for sale, recorded as current assets on a company's balance sheet.

Finished Goods Inventory

Completed products that are ready to be sold but have not yet been sold to customers.