Asked by Kolton Alvey on Jun 10, 2024
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A local Chamber of Commerce plans a seminar on "the social responsibility of business in our community." What does that term reference?
A) The responsibility of business to make profit for shareholders.
B) The responsibility of business to have annual meetings.
C) The expectations that the community imposes on firms doing business inside its borders.
D) The expectations of employees regarding wage rates.
E) The expectations of management in regard to adequate utility resources.
Social Responsibility
The ethical framework suggesting that individuals and organizations have an obligation to act for the benefit of society at large, balancing economic growth with the welfare of environmental and social ecosystems.
Community
A group of people living in the same place or having a particular characteristic in common, also can refer to a feeling of fellowship with others as a result of sharing common attitudes, interests, and goals.
- Understanding the social responsibility of businesses within their communities and the broader societal impact.
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Learning Objectives
- Understanding the social responsibility of businesses within their communities and the broader societal impact.
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