Question

Subaru in Lafayette, Indiana, recycles the packaging that comes in shipments from its Asian suppliers. Subaru knows the length of time needed for Styrofoam to break down in landfills so it wants to reduce the amount it uses. From its actions, we can infer that Subaru ________.

Group of answer choices

a) is meeting its social obligations

b) is concerned with sustainability

c) is diluting its purpose

d) wants to reduce its costs

Marconi's Pizza ensures that it meets all the health department regulations governing restaurants-but it does not go any further. At which level does Marconi's function?

Group of answer choices

a) social responsiveness

b) socioeconomics

c) social responsibility

d) social obligation

The form of legal ownership that an entrepreneur chooses for a venture primarily affects these concerns.

Group of answer choices

a) taxes and revenue

b) taxes and liability

c) profit and productivity

d) liability and planning

Answer 1

Answer 1. (b) is concerned with sustainability.

Social responsibility is a framework or a duty of any individual or a corporate that helps in becoming a socially accountable with their activities. It is the duty and responsibility of the corporate or individual that they don't harm the environment and nature by its business activities. In the example of Subaru, he is concerned about nature and the environment and tries to reduce the uses of Styrofoam that is harmful to the environment and nature. That is an example of Social responsibility concerns by Subaru.

Answer 2. (d) Social Obligation.

Social Obligation refers to the duty and commitment that makes morally and legally bound to the organization to do anything by keeping in mind nature and the environment. The organization has a legal obligation to do business activities that do not harm the nature and environment. The organization needs to comply with this legal obligation and if the organization is failed to follow they would have legal consequences as per the federal and state governments.

Answer 3. (b) Taxes and Liability

The form of legal ownership will affect the taxes and liability compliances in the organization. There are different types of legal ownership structure and each legal ownership structure have their own rules and guidelines to file taxes and provide liability towards its dues or any other liability. The legal ownership determines liability issues that explain who will be legally responsible if the firms face any dues or any other legal consequences by the third party. And also legal ownership determine how the firm would be responsible for the taxes.