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Ethical and Socially Responsible Concerns

This activity is important because many consumers and social advocates believe that businesses should not only make a profit but also consider the social implications of their activities. We define social responsibility as a business's obligation to maximize its positive impact and minimize its negative impact on society. The acceptability of behavior in business is determined by customers, competitors, government regulators, interest groups, and the public, as well as each individual's personal moral principles and values. As a manager, it is important to recognize that how these different groups perceive issues related to social responsibility and ethics is constantly changing.

The goal of this exercise is to demonstrate your understanding of the changes in perceptions of social responsibility and ethics over time.

The timeline lists key ethical and social issues that have occurred over the last five decades. Match the outcomes of these issues by dragging each one to its corresponding place on the chart.

References

$$ Desegregation

Consumer

The Sarbanesprotection Oxley Act

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