Which of the following statements is true regarding business ethics and social responsibility? Companies can be...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Which of the following statements is true regarding business ethics and social responsibility? Companies can be both profitable and socially responsible. Businesses whose sole objective is to earn profit may not consider their social responsibility. The concerns of what is legal and ethical do not change over time. All actions deemed unethical by society are also illegal. The terms social responsibility and ethics should be used interchangeably. At AgroCorp, each owner has unlimited liability for the debts of the business. It has several business units that focus on many product categories at once, which allowed the company to become a leader in category management in the agricultural market. AgroCorp is an example of a general partnership. strategic alliance. limited partnership. C corporation. joint venture. Which of the following statements is true regarding business ethics and social responsibility? Companies can be both profitable and socially responsible. Businesses whose sole objective is to earn profit may not consider their social responsibility. The concerns of what is legal and ethical do not change over time. All actions deemed unethical by society are also illegal. The terms social responsibility and ethics should be used interchangeably. At AgroCorp, each owner has unlimited liability for the debts of the business. It has several business units that focus on many product categories at once, which allowed the company to become a leader in category management in the agricultural market. AgroCorp is an example of a general partnership. strategic alliance. limited partnership. C corporation. joint venture.
Expert Answer:
Answer rating: 100% (QA)
Answer is Companies can be both profitable and socially responsible Expla ... View the full answer
Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
Posted Date:
Students also viewed these general management questions
-
Which of the following statements is true regarding the promotion mix? A. Sales promotions are long-term incentives to encourage the purchase or sale of a product or service. B. Personal selling is...
-
Which of the following statements is true regarding variable costing? a) It is a traditional costing approach. b) Only manufacturing costs that change in total with changes in production level are...
-
Which of the following statements is true regarding the establishment of organizational culture and its effects on the organization? A) Today's trend toward decentralized organizations makes it...
-
How could a company's "green" policies affect their reputation management and community-building strategies, both positively and negatively?
-
Lins Dairy uses the aging approach to estimate bad debt expense. The balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $22,000, (2) up to 120...
-
General Instrumentation Corporation manufactures dashboard instruments for heavy construction equipment. The firm is based in Baltimore, but operates several divisions in the United States, Canada,...
-
Tom Bonacci brought his Jeep to Brewer Service Station to investigate a strange noise the vehicle was making. The Jeep was raised up on an automobile lift so that Brewer employee Paul Gebing could...
-
Comfi Airways, Inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis of its operations. Both planes seat 10 passengers each, and they fly commuters from...
-
Our company makes school buses. Here is some data on the cost of producing these vehicles. Monthly Production Data Output 0 1 2 3 4 5 6 7 8 9 10 Total cost 200,000 400,000 575,000 725,000 850,000...
-
The Kentucky Derby is held the first Saturday in May at Churchill Downs in Louisville, Kentucky. The race track is one and one-quarter miles. The following table shows the winners since 2000, their...
-
The following table lists a dataset containing the details of six patients. Each patient is described in terms of three binary descriptive features (Obese, Smoker, and Drinks Alcohol) and a target...
-
Income statements for Puppy Daycare Company for Year 3 and Year 4 follow Items Sales Cost of goods sold Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense...
-
Macmillan Learning The city of Walnut, CA recently passed a bill to subsidize contractors to build more housing in the area. These bills are part an initiative to help make housing more affordable in...
-
Write an ARM assembly language program Count Vowels Two.s to count how many vowels and now many non-vowels are in the following string. "ARM assembly language is important to learn!",0 You are...
-
Plan workload for completion of work papers and Income tax return. In this task you are required to establish a work plan to complete the work papers and Income tax return (in a timely manner and...
-
How much more is a perpetuity paying $5000 at the end of year worth than an annuity paying the same annual amounts at the end of each year for 30 years? Assume an interest rate of 5%.
-
Planning should be adapted to the nature of a project, apply the appropriate planning techniques to complete the project. Astral Bank is known for providing excellent online services to its...
-
Assume Eq. 6-14 gives the drag force on a pilot plus ejection seat just after they are ejected from a plane traveling horizontally at 1300 km/h. Assume also that the mass of the seat is equal to the...
-
You have been assigned to the audit of Technotrics, a company specializing in the wholesale of a wide variety of electronic products. Its major product lines are stereo and similar electronic...
-
Explain how a bond amortization spreadsheet might be used to audit interest expense over the life of a bond.
-
What evidence might the auditor gather to evaluate whether or not a company has made a commitment to appropriate levels of financial competencies? For example, Milicron, Inc. indicated it had a...
-
Describe the transactions demand and the portfolio demand for money.
-
If velocity were constant at 1.5 while M2 rose from $11 trillion to $12 trillion in a single year, what would happen to nominal GDP? If real GDP rose 2.09 percent, what would be the level of...
-
Explain why key central banks have shifted away from targeting money growth.
Study smarter with the SolutionInn App