When management considers social and economic issues in decision making, the company is practicing ___.
A) business ethics
B) social responsibility
C) consumerism
D) social welfare

Question

Quizplus · Accepted Answer

Social responsibility involves considering the impact of a company's decisions and actions on society and the environment. This includes considering social and economic issues such as labor practices, environmental impact, and community involvement. Business ethics refers to the moral principles and values that guide decision making within an organization. Consumerism is the protection and promotion of consumers' rights and interests. Social welfare refers to organized efforts to improve the well-being of society, often through government programs and policies. While these concepts may overlap, social responsibility best describes the situation described in the question.

When Management Considers Social and Economic Issues in Decision Making