Question

American Express, the credit card and travel organization, has a long history of working for the good of all in its New York community. In 1885, it engaged its employees to help raise money to build the pedestal of the Statue of Liberty. Today, it has a program to help restore, preserve, and revitalize historic sites in New York City. These actions by American Express are partial fulfillment of the ________ the firm has established for itself as a corporate citizen.

Answer 1

Answer: E. Social responsibility goals

Explanation:

SOCIAL RESPONSIBILITY GOALS are objectives made by a company that they hope in addition to maximizing shareholder value, will benefit the society.

This logic is based on the premise that the Society is a Stakeholder in Organizations and as such the Organization must act in a way that benefits if be it environmentally, socially and/or economically.

Such goals have become important in recent times to investors who want to invest in ventures that are not only profitable but healthy for the society as well.