Social Responsibility

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Questions and Answers

Match the following types of social responsibility with their definitions:

Philanthropic Responsibility = Complying with laws and regulations that protect stakeholders Legal Responsibility = Donating to charitable causes, volunteering, and other forms of giving back to the community Economic Responsibility = Managing resources efficiently to maximize profits while minimizing waste and environmental impact Ethical Responsibility = Going beyond legal requirements to act in an ethically responsible manner

Match the following ethical principles with their descriptions:

Respect for Persons = Act in the best interests of others Beneficence = Treat individuals with dignity and respect Justice = Be truthful and transparent in all interactions Veracity = Fairly distribute benefits and burdens

Match the following ethical dilemma approaches with their descriptions:

Consequentialism = Focus on developing good character and moral virtues to guide decision-making Deontology = Weigh the potential consequences of actions to determine the most ethical choice Virtue Ethics = Consider the moral rules and principles that guide actions Ethical Responsibility = Going beyond legal requirements to act in an ethically responsible manner

Match the following steps in ethical decision-making with their descriptions:

Identify the Problem = Put the decision into action and assess its effectiveness Gather Information = Clearly define the ethical dilemma Evaluate Options = Collect relevant facts and data Choose a Course of Action = Consider alternative courses of action Signup and view all the answers

Match the following social responsibility with their primary focus:

Philanthropic Responsibility = Maximizing profits while minimizing waste and environmental impact Legal Responsibility = Acting in an ethically responsible manner Economic Responsibility = Donating to charitable causes, volunteering, and other forms of giving back to the community Ethical Responsibility = Complying with laws and regulations that protect stakeholders Signup and view all the answers

Match the following ethical principles with their primary goals:

Respect for Persons = Ensure equal opportunities and treatment for all Beneficence = Strive to do good and prevent harm Justice = Treat individuals with dignity and respect Veracity = Disclose information in a timely and accurate manner Signup and view all the answers

Match the following ethical dilemma approaches with their primary considerations:

Consequentialism = Moral rules and principles that guide actions Deontology = The potential consequences of actions Virtue Ethics = The autonomy of individuals to make their own decisions Ethical Responsibility = The moral virtues of the individual Signup and view all the answers

Match the following steps in ethical decision-making with their primary objectives:

Identify the Problem = Collect relevant facts and data Gather Information = Clearly define the ethical dilemma Evaluate Options = Put the decision into action and assess its effectiveness Choose a Course of Action = Consider alternative courses of action Signup and view all the answers

Match the following social responsibility with their primary beneficiaries:

Philanthropic Responsibility = Stakeholders, including employees, customers, suppliers, and the community Legal Responsibility = The organization itself Economic Responsibility = The environment Ethical Responsibility = Charitable causes Signup and view all the answers

Match the following ethical principles with their primary applications:

Respect for Persons = Business decisions and their impact on stakeholders Beneficence = Developing good character and moral virtues Justice = Distributing benefits and burdens fairly Veracity = Interactions with stakeholders, including customers and suppliers Signup and view all the answers

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Study Notes

The obligation of an organization to act in a manner that is beneficial to society as a whole
Involves considering the impact of business decisions on stakeholders, including employees, customers, suppliers, and the community

Philanthropic Responsibility: Donating to charitable causes, volunteering, and other forms of giving back to the community
Legal Responsibility: Complying with laws and regulations that protect stakeholders
Ethical Responsibility: Going beyond legal requirements to act in an ethically responsible manner
Economic Responsibility: Managing resources efficiently to maximize profits while minimizing waste and environmental impact

Ethical Principles:

Respect for Persons:

Treat individuals with dignity and respect
Recognize the autonomy of individuals to make their own decisions

Beneficence:

Act in the best interests of others
Strive to do good and prevent harm

Justice:

Fairly distribute benefits and burdens
Ensure equal opportunities and treatment for all

Veracity:

Be truthful and transparent in all interactions
Disclose information in a timely and accurate manner

Ethical Dilemmas:

Consequentialism: Weigh the potential consequences of actions to determine the most ethical choice
Deontology: Consider the moral rules and principles that guide actions
Virtue Ethics: Focus on developing good character and moral virtues to guide decision-making

Ethical Decision-Making:

Identify the Problem: Clearly define the ethical dilemma
Gather Information: Collect relevant facts and data
Evaluate Options: Consider alternative courses of action
Choose a Course of Action: Select the most ethical option
Implement and Evaluate: Put the decision into action and assess its effectiveness

Social responsibility is the obligation of an organization to act in a manner that benefits society as a whole
It involves considering the impact of business decisions on stakeholders, including employees, customers, suppliers, and the community

Philanthropic Responsibility: donating to charitable causes, volunteering, and other forms of giving back to the community
Legal Responsibility: complying with laws and regulations that protect stakeholders
Ethical Responsibility: going beyond legal requirements to act in an ethically responsible manner
Economic Responsibility: managing resources efficiently to maximize profits while minimizing waste and environmental impact

Ethical Principles

Respect for Persons

Treat individuals with dignity and respect
Recognize the autonomy of individuals to make their own decisions

Beneficence

Act in the best interests of others
Strive to do good and prevent harm

Justice

Fairly distribute benefits and burdens
Ensure equal opportunities and treatment for all

Veracity

Be truthful and transparent in all interactions
Disclose information in a timely and accurate manner

Ethical Dilemmas

Consequentialism: weighing the potential consequences of actions to determine the most ethical choice
Deontology: considering the moral rules and principles that guide actions
Virtue Ethics: focusing on developing good character and moral virtues to guide decision-making

Ethical Decision-Making

Identify the Problem: clearly define the ethical dilemma
Gather Information: collect relevant facts and data
Evaluate Options: consider alternative courses of action
Choose a Course of Action: select the most ethical option
Implement and Evaluate: put the decision into action and assess its effectiveness

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