Which of the following is the greatest challenge in meeting a firm's social responsibility?
A) Determining when to conduct ethical training
B) Determining the contents of the code of ethics
C) Determining when to conduct a social audit
D) Knowing what social responsibility is
E) Determining how to respond to the interests of one part of society (e.g., investors) which conflict with the needs of another part of society (e.g., customers)

Question

Quizplus · Accepted Answer

Balancing the conflicting interests of different stakeholders is often the most challenging aspect of meeting a firm's social responsibility. It can be difficult to satisfy the needs of investors, customers, employees, communities, and the environment all at once. Determining when to conduct ethical training, creating a code of ethics, and conducting social audits are important steps in meeting social responsibility, but they are not the greatest challenge. Knowing what social responsibility is may be a hurdle for some organizations, but it is generally a lesser challenge than balancing stakeholder interests.

Which of the Following Is the Greatest Challenge in Meeting