Ace the GACE 2025 – Transform Your Teaching Dreams into Reality!

The scenario describes a company that adheres solely to the minimum requirements set by legislation regarding anti-pollution measures. This demonstrates a cost-benefit approach, as the company has evaluated the costs associated with implementing anti-pollution measures against the benefits of compliance with legal regulations. By choosing only to meet legal standards without going further, the company is prioritizing its financial interests while fulfilling its basic obligations.

In contrast, a social obligation approach suggests that a company engages with its responsibilities primarily to meet the expectations of society and legal requirements, but might not be as focused on the cost-benefit analysis. The social responsibility approach implies a broader commitment to ethical practices beyond legal compliance, including proactive measures. Lastly, a social responsiveness approach indicates a more dynamic engagement with societal needs, adapting policies and practices based on public expectations and stakeholder concerns. The decision of the company to limit its actions to what is legally required aligns clearly with a cost-benefit perspective.