MODERN MANAGEMENT Proposition 3:The social costs and benefits of an activity, product,or seryice,shall be thoroughly calculated and considered in deciding whether to proceed with it Proposition 4i,The social costs related to each activity,product, or service shall be passed on to the consumer "Proposition 5:Business institutions,as citizens,have the responsibility to become involved in certain social problems that are outside their normal areas of operation Modern management ▪ Proposition 3: The social costs and benefits of an activity, product, or service shall be thoroughly calculated and considered in deciding whether to proceed with it ▪ Proposition 4: The social costs related to each activity, product, or service shall be passed on to the consumer ▪ Proposition 5: Business institutions, as citizens, have the responsibility to become involved in certain social problems that are outside their normal areas of operation