Question

Determine which moral standard of social responsibility the business is observing. Meg's company decided to build an additional factory in a small community. When the community started a protest because of the negative impact the factory would potentially have, Meg's company promised to prevent and pay for any negative impact to the community. It also offers to build a community park to balance out the negative impact the factory might cause.a) Indeterminable b) Moral Minimum Standard c) Profit-Maximizing Moral Standard d) Stakeholder Theory Moral Standard e) Corporate Citizenship Moral Standard

Answer 1

Answer:

The correct answer is: b) Moral Minimum Standard

Explanation:

In the scenario exemplified by the above question, it can be said that Meg's company acted according to a moral  minimum standard.

That is, the company was responsible for the negative impacts that it could bring to the small community, acting in accordance with the law and exhibiting ethical behavior, as the company proposed to prevent and pay for any negative impact on the community, as well as to build a community park to balance the negative impact that the plant can cause.

Therefore, this is an ethical standard whose principle is not to cause intentional damage, considered only the minimum necessary to maintain ethical behavior.

Answer 2

Answer:

e) Corporate Citizenship Moral Standard

Explanation:

Social responsibility is defined as the ethical framework that guides companies and individuals to give back to the environment in which they operate. It is a balance between pursuing economic benefits and protecting the ecosystem.

In this secanrio when the community started a protest because of the negative impact the factory would have, Meg's company promised to prevent and pay for any negative impact to the community. It also offers to build a community park to balance out the negative impact the factory might cause.

The moral used here is corporate citizenship moral standard. Where a company is ameliorating negative effect of its processes and also building a community park for the community