Which argument for social responsibility puts forth the belief that an imbalance between the large amount of power held by firms and their responsibility is harmful to the public good?
A)public expectation
B)ethical obligation
C)public image
D)discouragement of further government regulation
E)balance of responsibility and power

Question

Quizplus · Accepted Answer

The argument for social responsibility that suggests an imbalance between the power held by firms and their responsibility is harmful to the public good is the balance of responsibility and power. This argument proposes that companies have a responsibility to balance their power with their obligation to act in the best interest of society. Without this balance, companies may act solely in their own interests, which can have negative consequences for the public. Therefore, social responsibility requires companies to recognize their power and use it responsibly.

Which Argument for Social Responsibility Puts Forth the Belief That