An Organization Is Meeting Its Economic Responsibility When It

question 265

Multiple Choice

An organization is meeting its economic responsibility when it

• A) is in compliance with the law and requirements of various external regulations.
• B) voluntarily moves beyond basic economic, legal, and ethical expectations to provide leadership in advancing social well-being.
• C) earns a profit through provision of goods and services desired by customers.
• D) voluntarily conforms to legal expectations and broader values and moral expectations of society.
• E) anticipates socially responsible behaviour.

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Definitions:

Fixed Rate

A constant interest rate applied to a loan or mortgage that remains unchanged throughout the term, offering predictability in payments.