Asked by
Yanely Gamez
on Dec 08, 2024
Verified
Which of the following statements is true?
A) All actions deemed unethical by society are also illegal.
B) The concerns of what is legal and ethical do not change over time.
C) The terms social responsibility and ethics should be used interchangeably.
D) Companies can be both profitable and socially responsible.
E) Businesses whose sole objective is to earn profit may not consider their social responsibility.
Social Responsibility
A business’s obligation to maximize its positive impact and minimize its negative impact on society.
Legal
Pertaining to the law or the practice of law; involves matters of legal significance, rights, and obligations.
- Differentiate between ethical and legal issues in a business context.
- Comprehend the concept of social responsibility and its impact on society.
Verified Answer
CJ
Learning Objectives
- Differentiate between ethical and legal issues in a business context.
- Comprehend the concept of social responsibility and its impact on society.
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