What Is Social Responsibility

question 109

Multiple Choice

What is social responsibility?

• A) a business' obligation to pursue policies, make decisions, and take actions that benefit society
• B) a business tactic used to create relationship bonds with customers
• C) what companies are obliged legally to do to protect their external environments
• D) a business' responsibility to its shareholders
• E) the fact that businesses are responsible for monitoring their social environments so they can satisfy the needs of their customers

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Definitions:

Tolerance

Tolerance is the willingness to accept and permit beliefs or behaviors that one might disagree with, without imposing one's own views.

Risk Taking

The act of undertaking actions that involve uncertainty or potential loss, with the expectation of achieving gain or growth.

Compensation

The total amount of the financial and non-financial pay offered to an employee by an employer in return for work performed as required.

Commission

A form of payment to a salesperson, broker, or agent, typically a percentage of the sales their efforts have generated.