Author Question: Define and describe social responsibility.[br][br][b][color=#9E3EA8]Question 2[/color][/b][br][br]A ... (Read 32 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
Define and describe social responsibility.

Question 2

A tax that is levied on a foreign product entering a country is called an export tariff.
 
 Indicate whether the statement is true or false



Galvarado142

  • Sr. Member
  • ****
  • Posts: 348
Answer to Question 1

Social responsibility is the obligation of a business to contribute to society. Similar to ethics, the broad definition is clear, but specific implementation can be complex. Obviously, the number-one goal of any business is long-term profits; without profits, other contributions are impossible. But once a firm achieves a reasonable return, the balancing act begins: how can a company balance the need to contribute against the need to boost profits, especially when the two conflict? The answer depends on the business's values, mission, resources, and management philosophy, which lead in turn to its position on social responsibility. Business approaches fall across the spectrum, from no contribution to proactive contribution.

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

For a complete list of videos, visit our video library