Since businesses have more power and resources than ordinary individuals, supporters of social responsibility claim that businesses have ________

A) a good reason to ignore the needs of ordinary individuals
B) no reason to act in a socially responsible way
C) more reason to act in a socially responsible way
D) less reason to act in a socially responsible way

Answer: C
Explanation: The very size and influence of businesses require them to do more than ordinary individuals to advance the public welfare, supporters of social responsibility argue. Since society allows the organization to have its privileged position of power and influence, the organization owes society a larger debt than any individual citizen. These ideas make "more reason to act in a socially responsible way" the correct response and rule out the other choices, all of which claim to diminish, rather than increase, the moral obligation of a business.

Business

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If cross-elasticity of demand is positive, an increase in price of the alleged monopolistic product will result in consumers' sticking to the same product

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