Applied Business Corporation makes and markets its products nationwide.Under the stakeholder approach,to be considered socially responsible when making a business decision,Applied must take into account the needs of
A)its consumers,the community,and society only.
B)its employees and owners only.
C)its employees,owners,consumers,the community,and society.
D)no one.

Question

Quizplus · Accepted Answer

The stakeholder approach to corporate social responsibility requires considering the interests and needs of all stakeholders in the decision-making process, including employees, owners, consumers, the community, and society as a whole. Therefore, for Applied Business Corporation to be considered socially responsible in its business decisions, it must take into account the needs of all of these stakeholders. Option C is the only choice that includes all stakeholders.

Applied Business Corporation Makes and Markets Its Products Nationwide