Which One of the Following Arguments on Social Responsibility States

question 81

Multiple Choice

Which one of the following arguments on social responsibility states that there is no direct line of responsibility for social actions?

• A) dilution of purpose
• B) ethical obligation
• C) balance of responsibility and power
• D) lack of accountability

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Definitions:

1933 Act

The Securities Act of 1933, a federal law enacted as part of the New Deal, which regulates the offer and sale of securities to protect investors from fraud.

Exempt

To free from an obligation, duty, or liability to which others are subject.

Registration Requirements

Legal mandates for businesses or individuals to register with governmental authorities for licensure, tracking, or tax purposes.

SEC

Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.