Business Organizations and Socioeconomic Development
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Business Organizations and Socioeconomic Development

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Questions and Answers

What is the role of a business organization in the socioeconomic development?

  • To create shared value through economic development (correct)
  • To compete with rivals in terms of quality
  • To distribute goods and services to satisfy a public need or demand
  • To act as charitable donors to improve societal wellbeing

    • According to corporate social responsibility (CSR definition), what does it involve?

  • Participating in initiatives that benefit a society (correct)
  • Ignoring societal needs and challenges
  • Competing aggressively with other businesses
  • Maximizing profits at any cost

    • How does business contribute to the economy?

  • By minimizing environmental impact
  • By competing aggressively with other businesses
  • By avoiding profitability and focusing on charity
  • By providing jobs and goods/services for people to buy (correct)

    • What is the significance of businesses creating economic prosperity?

    <p>It leads to infinitely scalable and self-sustaining solutions</p> Signup and view all the answers

    How do service businesses set themselves apart from rivals in terms of quality?

    <p>By providing exceptional customer experiences</p> Signup and view all the answers

    What does the framework of creating shared value aim to achieve?

    <p>Creating economic value while addressing societal needs and challenges</p> Signup and view all the answers

    What is the main focus of Metaethics?

    <p>Analyzing the meaning of words</p> Signup and view all the answers

    Which branch of ethics involves moral judgment based on ethical norms or theories?

    <p>Normative Ethics</p> Signup and view all the answers

    According to Aristotle, what is essential for happiness?

    <p>Moderation</p> Signup and view all the answers

    What is the opposite of virtue?

    <p>Vice</p> Signup and view all the answers

    What does Socrates believe is the cause of moral evil?

    <p>Ignorance</p> Signup and view all the answers

    What is the foundation of virtue ethics?

    <p>Moral excellence</p> Signup and view all the answers

    What is the main focus of Descriptive Ethics?

    <p>Describing morality of a people, culture, or society</p> Signup and view all the answers

    What does Plato attribute moral conflict to?

    <p>Irrational part of the soul</p> Signup and view all the answers

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