Don decided to close his factory and move production to increase the company's profits even though this caused hardship for his employees and the community. Don's decision is not only legal but also socially responsible behavior. Question 7 options: True False
Don decided to close his factory and move production to increase the company's profits even though this caused hardship for his employees and the community. Don's decision is not only legal but also socially responsible behavior. Question 7 options: True False
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
Don decided to close his factory and move production to increase the company's profits even though this caused hardship for his employees and the community. Don's decision is not only legal but also socially responsible behavior.
Question 7 options:
| True | |
| False |
Expert Solution
INTRODUCTION
Each person is accountable for carrying out their civic responsibilities, and their actions must benefit society, according to the ethical concept of social responsibility. In this way, economic growth must coexist peacefully with society's and the environment's well-being. If this equilibrium is preserved, social responsibility is attained.
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