In Carroll's Social Responsibility Pyramid______
A) legal responsibility is less important than economic responsibility.
B) a corporation has only an economic responsibility to satisfy the needs of its employees, customers, and owners.
C) ethical responsibility refers to a corporation's responsibility to meet public expectations that have been put into law.
D) philanthropic responsibility tops the pyramid, indicating that it is outside the corporation's range of responsibilities.

Question

Quizplus · Accepted Answer

Carroll's Social Responsibility Pyramid suggests that ethical responsibility refers to a corporation's responsibility to meet public expectations that have been put into law. This implies that legal responsibility is a basic responsibility that corporations should fulfill, and therefore it is also important. Economic responsibility is considered a fundamental responsibility, but it does not rank as high as ethical responsibility in Carroll's pyramid. Philanthropic responsibility is at the top of the pyramid, indicating that it is optional and considered outside the corporation's actual range of responsibilities. Therefore, option C is the best choice as it correctly defines ethical responsibility in the context of Carroll's Social Responsibility Pyramid.