The belief that a firm's obligation goes beyond that required by law and economics, and includes a pursuit of long- term goals that are good for society is known as
A)ethical responsibility.
B)social responsiveness.
C)social responsibility.
D)social obligation.

Question

Quizplus · Accepted Answer

Social responsibility is the concept that businesses should not only focus on maximizing profits but also consider the impact of their operations on society and the environment, and work towards positive contributions beyond what is legally required.

The Belief That a Firm's Obligation Goes Beyond That Required