Which of the following terms refers to a firm meeting its economic and legal responsibilities?
A)social responsibility
B)social obligation
C)social responsiveness
D)social duty
E)social standard

Question

Quizplus · Accepted Answer

Social obligation refers specifically to a firm meeting its economic and legal responsibilities. Social responsibility (A) is a broader term that encompasses a firm's ethical responsibilities as well. Social responsiveness (C) refers to how well a company responds to the needs and expectations of its stakeholders. Social duty (D) and social standard (E) are not commonly used terms in relation to business responsibilities.

Which of the Following Terms Refers to a Firm Meeting