Question

Vivian’s company is considering building a huge new department store in a small town. The community argues that the store will disrupt local commerce and harm local business owners. Vivian argues that the store will save money for customers and bring more jobs to the community.

Which moral standard of social responsibility best fits the business's argument?
1-Stakeholder Theory Moral Standard
2-Moral Minimum Standard
3-Corporate Citizenship Moral Standard
4-Profit-Maximizing Moral Standard

Answer 1

The Stakeholder Theory Moral Standard is most aligned with the argument that the new store will benefit the community by saving money for customers and creating jobs.

Step-by-step explanation:

The moral standard of social responsibility that best fits the business's argument in the context of Vivian's company considering building a huge new department store in a small town is the Stakeholder Theory Moral Standard. This theory suggests that companies should balance the interests of all stakeholders, including employees, customers, and the community at large, rather than focusing solely on profit-maximization or shareholder interests. Vivian's argument suggests that the company acknowledges its broader social responsibilities by emphasizing potential benefits such as cost savings for customers and job creation in the community, which aligns with the Stakeholder Theory.