Social Responsibility

question 156

Multiple Choice

Social responsibility:

• A)Is a concern for the impact of one's actions on society as a whole.
• B)Is a code that helps in dealing with confidential information.
• C)Is required by the SEC.
• D)Requires that all businesses conduct social audits.
• E)Is mandated by the federal government.

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Definitions:

Whistle-blowing

The act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization by an employee or former employee.

Grievance Procedure

A formal process used by an organization to address complaints or disputes from employees regarding workplace issues.

Social Responsibility Strategy

A business approach that integrates social and environmental concerns in operations and interactions with stakeholders.

Consumer Protection

Laws and regulations designed to ensure the rights of consumers as well as fair trade, competition, and accurate information in the marketplace.