Social Responsibility Quiz

Economic responsibility = Complying with laws and regulations. Legal responsibility = Generating profits and creating economic value. Philanthropic responsibility = Engaging in charitable activities and donating to social causes. Corporate social responsibility (CSR) = Voluntary actions taken by a company to improve social and environmental conditions.

Honesty and transparency = Developing character traits and virtues, such as honesty and compassion. Fairness and justice = Respect for individuals and the environment Responsibility and accountability = Following moral rules and duties, regardless of consequences. Loyalty and trust = Principles and values that guide decision-making and behavior in a business.

Utilitarianism = Following moral rules and duties, regardless of consequences. Deontology = Acting to maximize overall happiness and well-being. Virtue ethics = Recognizing that ethical values vary across cultures and individuals. Moral relativism = Developing character traits and virtues, such as honesty and compassion.

<p>Step 1 = Choose an action based on ethical principles Step 2 = Identify the issue and stakeholders involved Step 3 = Gather relevant information and facts Step 4 = Evaluate options and consequences</p> Signup and view all the answers

<p>Stakeholder engagement = Generating profits and creating economic value. Corporate social responsibility (CSR) = Involving and responding to the needs and concerns of stakeholders. Ethical responsibility = Going beyond legal requirements to act ethically and morally. Philanthropic responsibility = Voluntary actions taken by a company to improve social and environmental conditions.</p> Signup and view all the answers

<p>Respect for individuals and the environment = Principles and values that guide decision-making and behavior in a business. Honesty and transparency = Developing character traits and virtues, such as honesty and compassion. Fairness and justice = Following moral rules and duties, regardless of consequences. Loyalty and trust = Acting to maximize overall happiness and well-being.</p> Signup and view all the answers

<p>Economic responsibility = Generating profits and creating economic value. Legal responsibility = Complying with laws and regulations. Ethical responsibility = Going beyond legal requirements to act ethically and morally. Philanthropic responsibility = Engaging in charitable activities and donating to social causes.</p> Signup and view all the answers

<p>Deontology = Following moral rules and duties, regardless of consequences. Virtue ethics = Developing character traits and virtues, such as honesty and compassion. Moral relativism = Recognizing that ethical values vary across cultures and individuals. Utilitarianism = Acting to maximize overall happiness and well-being.</p> Signup and view all the answers

<p>Step 1 = Gather relevant information and facts Step 2 = Evaluate options and consequences Step 3 = Choose an action based on ethical principles Step 4 = Identify the issue and stakeholders involved</p> Signup and view all the answers

<p>Stakeholder engagement = Involving and responding to the needs and concerns of stakeholders. Corporate social responsibility (CSR) = Voluntary actions taken by a company to improve social and environmental conditions. Ethical responsibility = Going beyond legal requirements to act ethically and morally. Philanthropic responsibility = Generating profits and creating economic value.</p> Signup and view all the answers