How does the government affect the idea of social responsibility in a planned economy?
A) The government requires higher stakeholder returns.
B) The government passes laws to make sure business interests do not damage society.
C) The government heavily regulates business activities to ensure the business supports social ideals.
D) The government attempts to offset small business restrictions.
E) The government limits regulations in exchange for planned giving.

Question

Quizplus · Accepted Answer

In a planned economy, where the government controls or heavily influences economic decisions, the government typically heavily regulates business activities to ensure that the business supports social ideals. This approach ensures that businesses operate in a way that benefits society as a whole, rather than solely focusing on maximizing profits. The government may also pass laws to make sure business interests do not damage society, further emphasizing the importance of social responsibility.

How Does the Government Affect the Idea of Social Responsibility