MGNT 371 Chapter 6 Set Questions and Answers

MGNT 371 CHAPTER 6 SET QUESTIONS AND ANSWERS Social obligation is the obligation of a business to meet its ________. A) social and legal responsibilities B) economic and social responsibilities C) social and economic responsibilities D) economic and legal responsibilities D If your university was paying minimum wage when necessary and applying the minimum legal standards to its employees work environment, it would be said to have fulfilled its ________. A) social obligation B) social responsibility C) social responsiveness D) social expectation A The ________ view of social responsibility holds that management's only social responsibility is to maximize profits. A) socioeconomic B) classical C) sociocultural D) neoclassical B The most outspoken advocate of the classical view of social responsibility is economist and Nobel laureate ________. A) George Stigler B) John McCain C) Bernard Madoff D) Milton Friedman D Under the concept of social obligation, the organization does what is required by the ________. A) society B) stakeholders C) environment D) law D The ________ view is that management's social responsibility goes beyond making profits to include protecting and improving society's welfare. A) sociotechnical B) socioeconomic C) sociocultural D) sociopolitical B When a firm advertises that it only uses recycled paper products, it is ________. A) meeting its social obligation B) meeting its social screening requirements C) being socially responsive D) following ISO 9000 standards C