Don decided to close his factory and move production to increase the company's profits even though this caused hardship for his employees and the community. Don's decision is not only legal but also socially responsible behavior.   Question 7 options:   True   False

Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
Section: Chapter Questions
Problem 5.3SD: Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling...
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Don decided to close his factory and move production to increase the company's profits even though this caused hardship for his employees and the community. Don's decision is not only legal but also socially responsible behavior.
 

Question 7 options:

  True
  False
Expert Solution
INTRODUCTION

Each person is accountable for carrying out their civic responsibilities, and their actions must benefit society, according to the ethical concept of social responsibility. In this way, economic growth must coexist peacefully with society's and the environment's well-being. If this equilibrium is preserved, social responsibility is attained.

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