Multiple Choice
Refer to the scenario below to answer the following questions.
Approaches to Social Responsibility (Scenario)
Marco was confused. His management class was focusing on social responsibility, and his assignment was to find examples of businesses that used different approaches toward social responsibility. He had three good examples but was not sure which case was an example of which concept. The first business was a fishing company that had been subject to protests from environmentalists. In their efforts to balance the interests of shareholders and other stakeholders, the company decided to change their harvesting methods so that dolphins would no longer be caught with the tuna. The second company was a fast-food restaurant whose primary objective was to maximize profits for its owners. Restaurant employees were paid minimum wages and benefits in accordance with local labour laws. The third business was a bank that spent millions of dollars a year on charitable causes. The bank's managers felt they had an ethical responsibility to do the right things and act in ways that are good for society.
-Approach taken by managers at the fast-food restaurant is best described as social __________.
A) obstruction
B) obligation
C) reaction
D) responsiveness
E) responsibility
Correct Answer:

Verified
Correct Answer:
Verified
Q8: When a firm engages in social actions
Q100: Managers play an especially important role in
Q103: A _ is a formal statement of
Q104: Refer to the scenario below to answer
Q105: Refer to the scenario below to answer
Q107: A firm that engages in social actions
Q108: The social _ approach to social responsibility
Q110: Refer to the scenario below to answer
Q111: Ethical reasoning at the _ level of
Q139: Most adults are at the second stage