Social Responsiveness Can Be Defined as ________

question 81

Multiple Choice

Social responsiveness can be defined as ________.

• A) the speed at which an organization adapts to the changing societal culture
• B) an organization's effectiveness in abiding by the laws of the society
• C) the degree of effectiveness and efficiency with which an organization fulfills its stockholders' needs while benefitting the stakeholders
• D) the degree of effectiveness and efficiency an organization displays in pursuing its social responsibilities
• E) the degree of effectiveness with which an organization can predict the changes in a society, such as the consumers changing preferences

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Definitions:

Capital Deficiency

A situation where a company's liabilities exceed its assets, indicating that it does not have enough capital to meet its financial obligations.

Credit Balances

Represent amounts owed to creditors or customers, typically seen in liability, equity, and revenue accounts.

Income Sharing

An arrangement where income is distributed among participants or stakeholders based on predetermined criteria, often found in partnerships, cooperatives, and certain employment agreements.

Equity Purchase

The act of buying ownership interest in a company, typically through the acquisition of shares, giving the purchaser a stake in the company's profits and assets.