Which of the following is an organization's moral obligation to stakeholder groups?
A) Professional ethics
B) Terminal values
C) Societal ethics
D) Social responsibility

Question

Quizplus · Accepted Answer

Social responsibility refers to an organization's moral obligation to act in ways that benefit society as a whole, rather than just its own interests or those of its shareholders. This includes taking into account the needs and interests of all stakeholder groups, such as employees, customers, suppliers, and the broader community, when making business decisions. By fulfilling its social responsibility, an organization can build trust and credibility with its stakeholders, which can lead to long-term success and sustainability.

Which of the Following Is an Organization's Moral Obligation to Stakeholder