Social obligation is the obligation of a business to meet its __________.

Question

Quizplus · Accepted Answer

Social obligation refers to a business's responsibility to fulfill its economic and legal responsibilities. While a business may choose to take on additional social or ethical responsibilities, fulfilling economic and legal responsibilities is essential for the business to operate lawfully and sustainably. Technological responsibilities may also be important for certain industries, but they are not necessarily considered part of a business's social obligation.

Social Obligation Is the Obligation of a Business to Meet