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Business Finance

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Social Responsibility of Businesses

Please complete the following assignment, incorporating ideas and concepts from the week’s lecture and/or articles. Please feel free to incorporate outside resources as well. When completing your assignment, please make sure to double space your paper.

Traditional Paper

Research, define and discuss social responsibility, what it means, and its role in business.

The requirements below must be met for your paper to be accepted and graded:

  • Write between 500 – 750 words (approximately 2 – 3 pages) using Microsoft Word.
  • Attempt APA style, see example below.
  • Use font size 12 and 1” margins.
  • Include cover page and reference page.
  • At least 60% of your paper must be original content/writing.
  • No more than 40% of your content/information may come from references.
  • Use at least two references from outside the course material, preferably from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the two reference requirement.

Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must be identified in the paper and listed on a reference page.Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must come from sources such as, scholarly journals found in EBSCOhost, online newspapers such as The Wall Street Journal, government websites, etc. Sources such as Wikis, Yahoo Answers, eHow, etc. are not acceptable.

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Explanation & Answer

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Running Head: SOCIAL RESPONSIBILITY OF BUSINESSES

Social Responsibility of Businesses
Name
Instructor
Course
Date

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SOCIAL RESPONSIBILITY OF BUSINESSES

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Social responsibility implication to any business enterprise highlights its management
duties towards the protection of the social interests. Therefore, the business management is not
only associated with shareholders value or profit maximization and decision making but also
protection and serving the interests of company workers, consumers, and all the community
members. The efficiency of the social responsibility of a business enterprise strictly focuses on
the concept of a social contract. In this manner, the social contract spells out the guidelines that
concur interrelationship involving different aspects of the society. Basically, the social contract
includes the quid pro quo. This means one of the involved parties in the social contract
acknowledges an offer that the other provides. As social responsibility obligates the business
enterprises to concur with the general community, it essentially directs its concern to the
business shareholders, employees, consumers, and the environment (Zu, 2008).

In regard to an excellent governance of a business, the business enterprise should
obligatorily acknowledge their shareholder's rights ...


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I was struggling with this subject, and this helped me a ton!

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