Management's acceptance of its obligation, when evaluating company performance, to consider profit to be of equal value as indicators such as employee satisfaction, consumer satisfaction, and societal well-being is referred to as:
A) Social responsiveness
B) Social persuasiveness
C) Social responsibility
D) Social audits

Question

Quizplus · Accepted Answer

The concept of considering profit to be of equal value as indicators such as employee satisfaction, consumer satisfaction, and societal well-being is referred to as social responsibility. Social responsiveness refers to the actions that a company takes in response to social issues, while social persuasiveness refers to a company's ability to influence social attitudes and behaviors. Social audits are a systematic evaluation of a company's social and environmental impact.

Management's Acceptance of Its Obligation, When Evaluating Company Performance, to Consider