According to Howard R.Bowen:

Question

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Howard R. Bowen's famous statement is "Corporate responsibility can only mean responsibility to a social system in which a business firm is embedded." This statement indicates that managers have an ethical obligation to consider the broader social implications of their decisions, ensuring that their activities do not negatively impact the surrounding community. Thus, option A is the correct answer. Option B is incorrect because no social contract limits corporate power, and option C is incorrect because companies can not prioritize their interests over social welfare. Finally, option D is incorrect because voluntary initiatives can indeed address public sentiment.