Questions: 7. This term refers to a business's obligation to maximize its positive impact and minimize its negative impact on society.
A) social responsibility
B) social strategy
C) social ethics
D) social citizenship
Transcript text: 7. This term refers to a business's obligation to maximize its positive impact and minimize its negative impact on society.
A) social responsibility
B) social strategy
C) social ethics
D) social citizenship
Solution
The answer is A: social responsibility.
Explanation for each option:
A) Social responsibility: This is the correct answer. Social responsibility refers to the ethical framework that suggests a business has an obligation to act for the benefit of society at large. It involves efforts to maximize positive impacts, such as community engagement and environmental sustainability, while minimizing negative impacts, like pollution or unethical labor practices.
B) Social strategy: This term typically refers to a plan or approach that a business uses to engage with social media or social networks to achieve its goals. It is not specifically about the business's impact on society.
C) Social ethics: This term refers to the moral principles that govern a person's or group's behavior in society. While related to ethical behavior, it does not specifically address the business's obligation to society.
D) Social citizenship: This term generally refers to the rights and responsibilities of individuals within a society. It is not specifically about a business's obligations to society.