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Figure 4-21
-Refer to Figure 4-21.Which of the following movements would illustrate the effect in the market for swimming lessons of an increase in the incomes of parents with school-aged children?
Discretionary Responsibility
The ethical or societal obligation of a company to make decisions and take actions that will benefit the interests of society as well as the organization.
Corporate Social Responsibility
The practice of businesses taking responsibility for their impact on society and the environment, beyond regulatory compliance and profit-making.
Economic Requirements
The financial needs or conditions necessary to sustain or initiate a business, project, or standard of living.
Ethical Followership
The practice of supporting leaders and contributing to a group or organization in a manner that is consistent with ethical principles.
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