Author Question: Supporters of social responsibility claim that being socially responsible ________. A) increases ... (Read 149 times)

Wadzanai

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Supporters of social responsibility claim that being socially responsible ________.
 
  A) increases short-term profits
  B) decreases long-term profits
  C) increases long-term profits
  D) decreases short-term profits

Question 2

Supporters of socially responsible businesses claim that by becoming socially responsible, businesses can expect ________.
 
  A) less government regulation
  B) more government regulation
  C) more strict enforcement of laws
  D) more government interference


parker125

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Answer to Question 1

Answer: C
Explanation: Supporters claim that being socially responsible is good for business, builds customer loyalty, and over the long run increases profits. Supporters make no claims for short-term profits, thus eliminating answer choices that mention increases and decreases in short-term profits. Decreases long-term profits is incorrect because it states the opposite of the actual claim that supporters of being socially responsible make.

Answer to Question 2

Answer: A
Explanation: The case that supporters make is that the more socially responsible companies are, the more government will trust them to do the right thing and the less government will see the need to intervene with regulations. This eliminates more government regulation and more government interference as correct choices because they both increase rather than decrease the amount of government intervention. It also militates against more strict enforcement of laws, which can be thought of as an indirect form of government interference.



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