which of the following statements about social responsibility is true? course hero

What is the primary responsibility of ethics?

What do Amanda and Jeremy argue about?

What are values in psychology?

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Which of the following statement about social responsibility is true?

The obligation that a business has to act socially responsible extends beyond the investors in the company to include workers, suppliers, consumers, and communities. All of the above statements about social responsibility are true.

Is a company's only responsibility to its investors to make a profit Why or why not?

Companies' relationships with investors also entail social responsibility. Although a company's economic responsibility to make a profit might seem to be its main obligation to its shareholders, some investors increasingly are putting more emphasis on other aspects of social responsibility.

Is the practice of charitable giving by corporations quizlet?

The practice of charitable giving by corporations; includes contributing cash, donating equipment and products, and supporting the volunteer efforts of company employees. The concern of businesses for the welfare of society as a whole; consists of obligations beyond those required by law or contracts.

What is the most important social responsibility of entrepreneurship?

Ethics And Social Responsibility For An Entrepreneur Social Responsibility means eliminating corrupt, irresponsible or unethical behaviour which might harm to the community, its people and the environment.

What is the most important responsibility of a business?

Shareholders or Owners The first and most important responsibility of a business should be towards the shareholders or the owners who have invested money. They are eligible for a fair return on the money they have invested.

Is the practice of charitable giving corporations includes contributing cash donating equipment?

The practice of charitable giving by corporations; includes contributing cash, donating equipment and products, and supporting the volunteer efforts of company employees. The concern of businesses for the welfare of society as a whole; consists of obligations beyond those required by law or contracts.

When companies donate to charities or sponsor social causes they are engaging in?

Social venture philanthropy is the investment of human and financial resources by corporations in non-profit community development agencies to generate a social return.

What provides employees with the knowledge of what their firm expects in terms of their responsibilities and behavior toward fellow employees customers and suppliers?

In general, a code of ethics provides employees with the knowledge of what their firm expects in terms of responsibilities and behaviour toward fellow employees, customers, and suppliers.

Is the only social responsibility of a company should be to deliver a profit to its shareholders?

Friedman introduced the theory in a 1970 essay for The New York Times titled "A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits". In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders.

Which of the following is an advantage of forming your company as a corporation?

Advantages of a corporation include personal liability protection, business security and continuity, and easier access to capital. Disadvantages of a corporation include it being time-consuming and subject to double taxation, as well as having rigid formalities and protocols to follow.

What do stakeholders want from a business?

Stakeholders want a business to do well because they will benefit from its success in some way. They can use their influence to change the fortunes of a business.

Who is the legal owner of the firm?

Owner of a firm means any person with an equity or equivalent interest in a firm, such as a shareholder with respect to a corporation or a partner with respect to a partnership, or an individual with respect to a sole proprietorship.

What is the primary responsibility of ethics?

obedience to rules as the primary responsibility of ethics

What do Amanda and Jeremy argue about?

Amanda and Jeremy argue about the employment of children in tobacco farms in a certain part of the world . Jeremy is of the view that this practice is ethical. He supports this view by stating facts about how the economic and social gains from employing children in these farms outweigh the long-term economic losses due to the health problems and lack of education suffered by these children. Jeremy is most likely an adherent of ________.

What are values in psychology?

Values are underlying beliefs that cause us to act or to decide in a certain way.

What is the primary responsibility of ethics?

obedience to rules as the primary responsibility of ethics

What do Amanda and Jeremy argue about?

Amanda and Jeremy argue about the employment of children in tobacco farms in a certain part of the world . Jeremy is of the view that this practice is ethical. He supports this view by stating facts about how the economic and social gains from employing children in these farms outweigh the long-term economic losses due to the health problems and lack of education suffered by these children. Jeremy is most likely an adherent of ________.

What are values in psychology?

Values are underlying beliefs that cause us to act or to decide in a certain way.