Question

When employees are not satisfied with the business enterprise they can withdraw their contribution to the business firm, which argument in favour of social responsibility states this:

a) Long-term interest of the firm
b) Justification for existence and growth
c) Avoidance of government regulation
d) Converting problems into opportunities

Answer 1

The argument in favor of social responsibility that states when employees are not satisfied with the business enterprise they can withdraw their contribution to the business firm is the b) Justification for existence and growth argument.

Step-by-step explanation:

The argument in favor of social responsibility that states when employees are not satisfied with the business enterprise they can withdraw their contribution to the business firm is the Justification for existence and growth argument. This argument implies that in order for a business to survive and thrive in the long-term, it needs to prioritize the satisfaction of its employees and meet their expectations.

When employees are satisfied, they are more likely to be engaged, motivated, and committed to the success of the business. On the other hand, if employees are dissatisfied and feel that their contributions are undervalued or unappreciated, they may choose to leave the company, which can result in negative consequences for the business, such as high turnover rates, decreased productivity, and a negative reputation.