Which of the following statements is true about social responsibility?
A) It is the managerial obligation to ensure the accountability of certain individuals in an organization through mechanisms that try to reduce or eliminate the principal-agent problem.
B) It is the managerial obligation to cater to the needs of the stockholders,while abiding by the laws of society.
C) It is the managerial obligation to take action that protects and improves both the welfare of society as a whole and the interests of the organization.
D) It is the managerial obligation to abide to societal laws when pursuing organizational goals.
E) It is the managerial obligation to ensure ethical decision making in an organization to benefit its customers.
Correct Answer:
Verified
Q14: Identify two federal agencies that enforce social
Q15: Which of the following is an argument
Q16: Which of the following is the primary
Q17: Milton Friedman believed the requirement for managers
Q18: According to the concept of corporate social
Q20: Business experts disagree on the importance of
Q21: _,a popularly used component of social responsibility,is
Q22: Organizations not pursuing a social obligation approach
Q23: Define the term "social audit." List the
Q24: Any individual or group that is directly
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents