Final answer:
The dimension of social responsibility concerning a firm's position on social and political issues is called a stance. It addresses the corporation's societal role and involves considering interests beyond just shareholders. This connects to the broader concept of a social contract, suggesting corporations have moral and political obligations.
Step-by-step explanation:
The dimension of social responsibility known as a stance refers to the position a firm takes on social and political issues. This stance encompasses a range of activities and perspectives that corporations adopt to address their roles within society. The responsibility debate often centers around whether corporations should prioritize the interests of their shareholders, or if they should also consider the wider impact on employees, customers, and the community at large.
It includes discussions on how societal needs, such as civil liberties, welfare, and ethical technology use, relate to corporate actions. Furthermore, the concept of the social contract underlies the belief that individuals, and by extension corporations, must accept certain moral and political obligations as members of society.