Social responsibility and managerial ethics
A)are synonymous.
B)are related,but different concepts.
C)are relative easy to assess.
D)None of the above.

Question

Quizplus · Accepted Answer

Social responsibility refers to an organization's obligation to act in ways that serve both its own interests and the interests of external stakeholders, such as the community and the environment. managerial ethics, on the other hand, refer to the principles and values that guide the behavior of individuals and organizations in managerial roles. While the two concepts are related, they are not the same. Social responsibility is a broader concept that encompasses managerial ethics, along with other factors such as corporate governance and sustainability. It can also be more difficult to assess social responsibility compared to managerial ethics, as it involves evaluating an organization's impact on a wide range of stakeholders and the environment.

Social Responsibility and Managerial Ethics