Societal Responsibility Refers to

question 101

Multiple Choice

Societal responsibility refers to

• A)the obligation that organizations have to (1)the preservation of ecological environment and (2)the general public.
• B)the obligation of a firm to price its products or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit.
• C)the view that an organization has an obligation to those who can affect the achievement of its objectives.
• D)the duty of a firm to maximize profits for its owners or stockholders.
• E)the idea that organizations are part of a larger society and are accountable to that society for their actions.

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Definitions:

Process Focused

An approach concentrating on the optimization and efficiency of processes to achieve better quality, cost, and delivery metrics.

Leader-Sensitive Projects

Projects that are significantly influenced by the leadership style and capabilities of the project manager.

Type of Organization

Refers to the classification of organizations based on their purposes, structures, and functionality such as nonprofits, corporations, and governmental entities.

Organized

The state or condition of being systematically arranged, especially for efficient planning and execution.