Question

2 - understanding social responsibility

learning objective: recognize the different stances of social responsibility implemented by businesses.

what is an example of philanthropic social responsibility?

a.) a fast-food chain increasing prices to enhance shareholder dividends

b.) a company reducing emissions to meet epa guidelines

c.) a manufacturer boosting wages in response to employee strikes

d.) a tech company donating laptops to underfunded schools

Explanation:

Define philanthropic social responsibility

Philanthropic responsibility involves voluntary actions taken by a business to actively improve society, such as donating resources, funds, or services to charitable causes without expecting direct financial return.

Analyze the given options

• Option a: Increasing prices to enhance shareholder dividends relates to maximizing profit, which aligns with Business Objectives regarding financial performance rather than social responsibility.
• Option b: Reducing emissions to meet EPA guidelines is an example of legal or environmental compliance, which is a mandatory regulatory requirement rather than a voluntary philanthropic act.
• Option c: Boosting wages in response to employee strikes is a reactive labor negotiation and operational adjustment, not a voluntary charitable initiative.
• Option d: Donating laptops to underfunded schools is a voluntary contribution of resources to support education and community welfare, which perfectly exemplifies philanthropic social responsibility.

Answer:

• a.) A fast-food chain increasing prices to enhance shareholder dividends
• b.) A company reducing emissions to meet EPA guidelines
• c.) A manufacturer boosting wages in response to employee strikes
• d.) A tech company donating laptops to underfunded schools (Correct answer)