In long-run equilibrium, a purely competitive firm will operate where price is:

The term _____ refers to a business's obligation to maximize its positive impact and minimize its negative impact on society.

lilavasa [31]

The term Social responsibility refers to a business's obligation to

maximize its positive impact and minimize its negative impact on society.

<h3>What is the role of social responsibility in Business?</h3>

Social responsibility means that businesses, in addition to maximizing shareholder value, must act in a manner benefiting society, not just the bottom line.
Social responsibility has become increasingly important to investors and consumers who seek investments that not only are profitable but also contribute to the welfare of society and the environment.
While critics have traditionally argued that the basic nature of business does not consider society as a stakeholder, younger generations are embracing social responsibility and driving change.

<h3>Extra keywords for social responsibility:</h3>

Social responsibility means that besides maximizing shareholder value, businesses should operate in a way that benefits society.
Socially responsible companies should adopt policies that promote the well-being of society and the environment while lessening negative impacts on them.
Companies can act responsibly in many ways, such as by promoting volunteering, making changes that benefit the environment, engaging in ethical labor practices, and engaging in charitable giving.
Consumers are more actively looking to buy goods and services from socially responsible companies, hence impacting their profitability.
Critics assert that practicing social responsibility is the opposite of why businesses exist.

To learn more about Social responsibility, refer

to brainly.com/question/25922327

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6 0

2 years ago

In the film (around 2:08-2:11) the people in the town of Arcata CA are discussing the role that corporations should play in a de

olchik [2.2K]

Answer:

(a) Sure, the people can make corporations act in an ethically responsible way, in other words, Acting in ways consistent with what society and individuals typically think are good values.

(b) This speaks to corporate social responsibility, by voting the people are able to control the corporations in a way that makes them more socially responsible. Voting could also give people with bigger wallets, higher levels of control.

(c) No, it will not be fair; there has to be a cordial relations between the corporations and the people, hence if the people are given voting power based on their wealth, it could create some level of disunity.

Explanation:

(a) Sure, the people can make corporations act in an ethically responsible way, in other words, Acting in ways consistent with what society and individuals typically think are good values.

(b) This speaks to corporate social responsibility, by voting the people are able to control the corporations in a way that makes them more socially responsible. Voting could also give people with bigger wallets, higher levels of control.

(c) No, it will not be fair; there has to be a cordial relations between the corporations and the people, hence if the people are given voting power based on their wealth, it could create some level of disunity.

4 0

3 years ago

Involves obtaining funds and keeping<br> accurate and useful records

Stolb23 [73]

I believe that the answer is Financial Management

6 0

3 years ago

PLEASE HELP FAST How does Wallach relate the future to a part of speech? Explain.

Feliz [49]

Answer:

Wallach describes three ways of thinking :

T<u>ransgenerational thinking</u>: It helps us to think about our problems and the ways in which you can resolve them ,and what will be the future consequence of your thinking.

<u>Futures thinking:</u> Wallach advocated the fact that we should just not think about the future in one single perspective rather we should open our mind about various future perspectives.

<u>Telos thinking:</u>The word Telos comes from a greek word which means :Ultimate aim".One should think that what will happen next once a particular problem is solved

Wallach relate the future to a part of speech establishing a link between Thomas Khun quote: “People don’t shift unless they have a vision of what it is they’re shifting to.” and Martin Luther King Speech of "I Have a Dream" he says that that speech is successful as it shows what his dream and what will come after the dream is accomplished

6 0

3 years ago

What is a minimum balance when it comes to account requirement?

drek231 [11]

The minimum amount of money you may have in an account for said account to be, and stay opened.

8 0

3 years ago

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