The Essence of Socially Responsible Business Behavior Is

question 58

Multiple Choice

The essence of socially responsible business behavior is

• A)encouraging company personnel to run for political offices.
• B)balancing strategic actions to benefit shareholders against the duty to be a good corporate citizen.
• C)undertaking actions to balance the interests of all company stakeholders rather than just exclusively look out for the interests of shareholders.
• D)making sizable contributions to political action committees representing the interests of the industry.
• E)pursuing actions to keep prices low enough that the company's profits will not be viewed by the general public as obscenely high or exorbitant.

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Definitions:

Shorter Duration

Refers to a time period that is relatively brief or less lengthy compared to another.

Older Adults

Individuals who are typically aged 65 years and older, often associated with specific needs, challenges, and contributions to society.

Friends

People with whom one has a bond of mutual affection, typically exclusive of sexual or family relations.

Time

A continuous, irreversible sequence in which events occur from the past, through the present, and into the future.