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Social Responsibility

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Define the term social Responsibility. Find an example of a company action that was legal but not socially responsible. Defend your example on the basis of your definition.

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The solution defines the term social Responsibility. Find an example of a company action that was legal but not socially responsible. Defend your example on the basis of your definition.

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Dear student:

I enjoyed assisting. The following will discuss a practice that was legal but not socially responsible.

Social Responsibility

The principle that companies should contribute to the welfare of society and not be solely devoted to maximizing profits. (Dictionary 2009)

Do all companies follow this definition? Many do but the ones that do not are the ones that cause the most damage. Let's look at the mortgage crisis. Banks made loans to individuals who were in no position financially to ...

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