Multiple Choice QuestionWhat do studies show about the relationship between social responsibility and profitability?Multiple choice question.Social responsibility has no effect on business performance.Social responsibility is associated with improved business performance.Social responsibility initiatives reduce both business performance and profitability.Social responsibility initiatives reduce business performance.

Multiple Choice QuestionA number of studies have found a direct relationship between social responsibility and _______ as well as a link that exists between employee commitment and customer loyalty.Multiple choice question.profitabilityincreased employee turnovermonetary lossesdecreased customer loyalty

Multiple Choice QuestionMilton Friedman, in his article "The Social Responsibility of Business Is to Increase Its Profits," suggests that Blank______.Multiple choice question.business has social responsibilities that go beyond the legal and economic ends for which it was createdcontrary to the title, the social responsibility of business is not to increase its profits but rather to invest them in societythe ethical responsibilities of managers are fulfilled when they pursue profit and increase shareholder wealththe legal restrictions on business should be removed as they prevent business from improving society

Which of the following statements is true regarding business ethics and social responsibility?Multiple ChoiceAll unethical actions are also illegal.The concerns of what is legal and ethical do not change over time.The terms social responsibility and ethics should be used interchangeably.Companies can be both profitable and socially responsible.Profitable businesses do not consider their social responsibility.

Multiple Choice QuestionThe primary responsibility of managers according to the economic model of corporate social responsibility is to Blank______.Multiple choice question.pursue profit within the bounds of the lawfulfill ethical responsibilities at great economic costmaximize charitablenessensure that all stakeholders in a business carry out ethical obligation

Multiple Choice QuestionThe philanthropic approach of the economic model of corporate social responsibility is common among Blank______.Multiple choice question.businesses that outsource all of their worksmall-scale, privately owned businessesexpatriate employeesmultinational corporations