Thank you for visiting What reflects a growing recognition that businesses have a responsibility 1 Focusing on short term2 Increasing revenue3 Transparent reporting4 Engaging with stakeholders5 Paradigm shift. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
The question deals with the recognition that businesses have responsibilities beyond making profits. Among the given options, 'Transparent reporting' reflects a growing recognition that businesses have responsibilities.
Focusing on short-term: This option is not aligned with the concept of businesses taking broader responsibilities. Short-term focus typically centers on immediate financial goals, which can sometimes neglect broader responsibilities.
Increasing revenue: This option also isn't about recognizing broader responsibilities. It's more about financial performance and does not necessarily imply responsibility beyond profit.
Transparent reporting: This is the correct choice. Transparent reporting shows that a business is willing to be open about its practices and impacts. It reflects accountability and a commitment to ethical practices. By being transparent, businesses build trust with the public and stakeholders, showing they recognize their responsibility not just to shareholders, but to society at large.
Engaging with stakeholders: While important, this goes hand-in-hand with transparent reporting as part of responsible business practices. It is about involving all parties impacted by the business, including employees, customers, suppliers, and the community.
Paradigm shift: This suggests a fundamental change in approach or underlying assumptions, and while it can relate to business responsibilities, it is more of a broader concept rather than a specific action like transparent reporting.
Thus, transparent reporting is a clear indicator of a business's recognition of its responsibilities. It demonstrates a commitment to ethical behavior and accountability, which are essential for sustainable business practices.
Thank you for reading the article What reflects a growing recognition that businesses have a responsibility 1 Focusing on short term2 Increasing revenue3 Transparent reporting4 Engaging with stakeholders5 Paradigm shift. We hope the information provided is useful and helps you understand this topic better. Feel free to explore more helpful content on our website!
- You are operating a recreational vessel less than 39 4 feet long on federally controlled waters Which of the following is a legal sound device
- Which step should a food worker complete to prevent cross contact when preparing and serving an allergen free meal A Clean and sanitize all surfaces
- For one month Siera calculated her hometown s average high temperature in degrees Fahrenheit She wants to convert that temperature from degrees Fahrenheit to degrees
Rewritten by : Jeany
