Proponents of the socioeconomic view of social responsibility believe that being socially responsive is

good for business
neither good nor bad for business
bad for any business in a competitive market
bad for business

good for business

Explanation:

In the socioeconomic holistic view, being socially responsible is a critical part of making a business good in every way possible. CSR (corporate social responsibility) activities will result in more ethical business operating, attracting numerous stakeholders and consumers. Socially responsible companies don't only get good marketing; they usually elevate their CSR activities to have larger impact in the whole socioeconomic surrounding.

a. Accounted for prospectively

Explanation:

Warranty cost is an expense i.e. to be incurred for the repair or replacement of the goods comes under the warranty given by the company.

Here if there is a change in the rate i.e. used for determining the warranty cost so it would be accounted in prospectively manner i.e. it would be changed in the current period and also the amount should be estimated or predicted

Hence, the correct option is a.