MGMT Chapter 5 Set Questions and Answers

MGMT CHAPTER 5 SET QUESTIONS AND ANSWERS Social obligation is the obligation of a business to meet its _________. A) social and technological responsibilities B) economic and social responsibilities C) technological and economic responsibilities D) economic and legal responsibilities d) economic and legal responsibilities The ______ view of social responsibility holds that management's only social responsibility is to maximize profits. A) socioeconomic B) classical C) contemporary D) sociolegal b) classical The most outspoken advocate of the classical view of social responsibility is economist and nobel laureate _______. A) george stigler B) arthur f. Burns C) homer jones D) milton friedman d) milton friedman Under the concept of social obligation, the organization does what is required by the _______. A) society B) stakeholders C) environment D) law d) law 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) sociolegal D) sociopolitical b) socioeconomic 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) adopting green management c) being socially responsive