Which of the Following Social Responsibilities Implies That a Firm

question 62

Multiple Choice

Which of the following social responsibilities implies that a firm has an obligation to give back in some way and contribute to strengthening the fabric of its local communities, as well as the larger society?

• A)Legal responsibility
• B)Philanthropic responsibility
• C)Ethical responsibility
• D)Economic responsibility

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Definitions:

Bad Apple Effect

The idea that one person who breaks the rules can inspire other people to break the rules also

Ostracized

The act of excluding or ignoring someone from a social group, leading to feelings of isolation and rejection.

Strangers

Individuals who are unknown or unfamiliar to one another, often lacking personal interaction or acquaintance.

Rejection Sensitivity

A tendency to expect rejection from others and to become hypersensitive to possible rejection.