The concept of _____ refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions,and that there should be a presumption in favor of decisions that have both good economic and social consequences.

Question

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The definition provided describes the concept of social responsibility, which emphasizes the ethical and moral dimensions of business decision making, including a consideration of the impact on stakeholders beyond just profits or economic outcomes. Choice A (corporate dissonance) is not a recognized term in business ethics, choice B (class consciousness) refers to awareness of social class issues and inequalities, choice C (corporate dynamism) does not relate specifically to social consequences, and choice E (economies of scale) concerns cost efficiencies.

The Concept of _____ Refers to the Idea That Businesspeople