ULab Inc., a biotechnology firm, recently had a fire in one of their offices which resulted in the office building being gutted.The employees were not trained for a fire drill, and the 10-storey building had no fire escape route which resulted in many employees being hospitalized for physical injuries, burns and toxic smoke inhalation.What important social responsibility theory was ULab negligent of by not training their employees in case of a fire and not installing a fire exit?
A)corporate citizenship
B)moral minimum
C)stakeholder interest
D)maximizing profits

Question

Quizplus · Accepted Answer

ULab was negligent of the moral minimum social responsibility theory, which states that organizations must meet the minimum ethical and legal standards required by society. Failing to train employees for a fire drill and not providing a fire escape route violates this basic moral expectation.

ULab Inc, a Biotechnology Firm, Recently Had a Fire in One