Social responsibilty is a business obligation to pursue policies, make decisions, and take actions that benefit society.
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Economic Responsibility is a company's social responsibility to obey a society's law.
A. True
B. False
Which statement correctly reflects the free market view of business social responsibility?
A. In addition to making a profit, businesses are just as responsible for seeing to the well-being of their employees and the communities in which they operate
B. No one other than the managers and owners of a business may claim to have any stake in the business decisions managers make.
C. In the process of providing goods and services to customer who need and want them and maximizing profits for its shareowners, a business fulfills its social responsibility
D. A business is responsible for maximizing profits for its shareowners, but, in special circumstances, may have to sacrifice profits in the interest of the community whose citizens depend on it for employment.
Choose the Incorrect Statement
A. Fulfilling Social Responsibility is Part of Business Ethics
Behaviour of an Individual helps in understanding his Values.
C. It is easier to change one's attitude than his values
D. Attitude is a human trait but behaviour is an inborn attribute
Which of the following statements most accurately describe the nature of an ethical issue in business?
A. Ethical issues can be resolved if you do what you think is right
B. Ethical issues can be resolved by following the guidance of religious beliefs
C. Ethical issues are difficult because all the choices may do some harm
D. Ethical issues are difficult because the results of a decision are hard to predict
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