Which one of the following is not a part of the business case for why companies should act in a socially responsible manner? A. C) Acting in a socially responsible manner is in the overall best interest of shareholders. B. D) To the extent that a company's socially responsible behavior wins applause from consumers and fortifies its reputation, a company may win additional patronage. C. B) Acting in a socially responsible manner reduces the risk of reputation-damaging incidents. D. E) Acting in a socially responsible manner can generate internal benefits (as concerns employee recruiting, workforce retention, training, and improved worker productivity). E. A) Every business has a moral duty to be a good corporate citizen.

Question

Samson Hutchinson

Business

22 September, 21:18

Which one of the following is not a part of the business case for why companies should act in a socially responsible manner? A. C) Acting in a socially responsible manner is in the overall best interest of shareholders. B. D) To the extent that a company's socially responsible behavior wins applause from consumers and fortifies its reputation, a company may win additional patronage. C. B) Acting in a socially responsible manner reduces the risk of reputation-damaging incidents. D. E) Acting in a socially responsible manner can generate internal benefits (as concerns employee recruiting, workforce retention, training, and improved worker productivity). E. A) Every business has a moral duty to be a good corporate citizen.

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Answers (1)

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Mira Gonzalez · Answer 1

Every business has a moral duty to be a good corporate citizen.

Explanation:

Businesses are formed to make profit, and this is the primary goal of businesses. So when making a business case for a company to act in a socially responsible manner, the benefit to the business as profits is the primary consideration.

If it is argued that every business has a moral duty to be a good corporate citizen, it does not translate to profits or benefit for the company.

So this is a weak argument when a business case is being created for why businesses should act in a socially responsible manner.