The Text Identifies Several Criteria for Evaluating Socially Responsible Corporate

question 85

Multiple Choice

The text identifies several criteria for evaluating socially responsible corporate behaviour. A firm is meeting its ___ when it earns a profit through provision of goods and services desired by customers.

• A) economic responsibility
• B) legal responsibility
• C) ethical responsibility
• D) discretionary responsibility
• E) stakeholder responsibility

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Definitions:

Sensing

The process of receiving information through the senses.

Jung

Carl Jung, a Swiss psychiatrist and psychoanalyst who founded analytical psychology and explored concepts such as the collective unconscious and archetypes.

Tactfully

Acting with sensitivity and diplomacy to avoid offending others while handling difficult situations or delivering potentially upsetting information.

Erikson

A psychoanalyst known for his theory on the psychosocial development of humans, which describes eight stages of development throughout the lifespan.