Asked by Angelica Renata on Jul 24, 2024
Verified
A broader view of social responsibility
A) views customers as the most important stakeholder.
B) takes into account a shareholder orientation.
C) prioritizes all stakeholders the same way.
D) considers the long-term welfare of society.
E) emphasizes adherence to law as the highest priority.
Shareholder Orientation
A business approach that prioritizes the interests and value maximization for shareholders, often guiding strategic and operational decisions.
Welfare of Society
The overall health, happiness, and well-being of a community or civilization, often considered in economic and social policies.
- Understand the idea and importance of corporate citizenship and the ways companies fulfill the expectations of stakeholders.
Verified Answer
ZS
zonae simmonsJul 24, 2024
Final Answer :
D
Explanation :
A broader view of social responsibility considers the long-term welfare of society as a whole, which goes beyond prioritizing just one stakeholder group (such as customers or shareholders) or focusing solely on legal compliance. This perspective recognizes that businesses have a responsibility to make a positive impact on society beyond just making a profit.
Learning Objectives
- Understand the idea and importance of corporate citizenship and the ways companies fulfill the expectations of stakeholders.
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