1 Which statement is correct regarding the application of the term \"social resp
ID: 438121 • Letter: 1
Question
1 Which statement is correct regarding the application of the term "social responsibility" to business?Answer
Social responsibility by business in the form of civic and charitable contributions to the local community usually is legally required when a local government is suffering a budget deficit.
Today's business executives and managers are well advised to pay attention on the changing perceptions in society as to what constitutes socially responsible behavior by business.
Social responsibility is the notion that every person should act only on those principles that he or she as a rational actor would prescribe as moral law.
Social responsibility means that the form of an action is primary and the consequences of an action are secondary or even irrelevant in determining the morality of the action.
Explanation / Answer
Social responsibility by business in the form of civic and charitable contributions to the local community usually is legally required when a local government is suffering a budget deficit.
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