Which of the Following Statements Is in Agreement with the Socioeconomic

question 90

Multiple Choice

Which of the following statements is in agreement with the socioeconomic view of corporate social responsibility?

• A) Financial improvement can be achieved by being socially responsible.
• B) The primary responsibility of business is to maximize business profits.
• C) By acting responsibly, businesses avoid government regulation.
• D) Businesses must be concerned with the broader social concerns and not just with corporate profits.
• E) Society is served best when businesses are allowed to maximize their profits.

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Definitions:

Differing Agendas

Situations where individuals or groups have objectives or priorities that do not align with one another.

Chief Executive Officer

The top executive in a corporation or institution, in charge of making significant business decisions and overseeing all operations.

Nonprofit Organization

An entity that operates for the public or societal benefit, rather than to earn profits for owners or shareholders.

Modify Existing Ideas

The process of adjusting, adapting, or changing current concepts or proposals to create new or improved outcomes.