Question

Jack , president of a national stationery store, believes that the business has a responsibility not only to stockholders but also to customers, employees, suppliers, and the general public. Jack subscribes to the ____________ of social responsibility.

Answer 1

A. socioeconomic model

B. economic model

C. personal model

D. stakeholder model

Answer:

socioeconomic model

Explanation:

The social economic model of social responsibility explains that beyond producing goods and services for to meet the society’s needs and making reasonable profits in business, attention also should be directed towards making business decisions that takes into consideration steps to resolving social issues in a society. This would go a long way in creating a stable environment for the business to thrive and bring about long term profit.