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.
-The approach taken by managers at the bank is best described as social _____.
A) obstruction
B) obligation
C) reaction
D) responsiveness
E) responsibility
Correct Answer:

Verified
Correct Answer:
Verified
Q51: The most outspoken advocate of the classical
Q53: Joe Black, owner of Honest Joe's Car
Q54: Which of the following determinants of ethical
Q55: BTX Corporation provides daycare facilities for its
Q57: Advocates of social responsiveness believe it is
Q59: _ is defined as a business firm's
Q60: Refer to the scenario below to answer
Q61: Which of the following is true concerning
Q73: An organization's shared values can help shape
Q89: An organization is said to adopt the