Which One of the Following Is Not One of the Reasons

question 47

Multiple Choice

Which one of the following is not one of the reasons for business involvement in the community?

• A) businesspeople are efficient problem solvers
• B) a positive image in the community facilitates hiring
• C) social responsibility in business is the alternative to government regulations
• D) all of the above

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Definitions:

Positive Externalities

Benefits that are enjoyed by a third-party or the society at large, as a result of an economic transaction.

Socially Optimal Level

The socially optimal level is the quantity of production or consumption where the marginal social cost equals the marginal social benefit, maximizing overall welfare.

Policymakers

Individuals or groups responsible for making decisions and establishing regulations that guide the economic, social, and political governance of a society.

Marginal Benefit

The plus in satisfaction or usefulness someone gets by consuming an extra unit of a given product or service.