A country's governing body has passed a new law that requires all companies to set aside a certain budget for social initiatives. These organizations are also required to provide an annual report to the government detailing all expenditure and policy information. These initiatives are consistent with the school of social responsibility.

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The new law is a regulation that requires companies to set aside a budget for social initiatives and report their expenditure and policies to the government. This is a form of external control that requires organizations to meet certain social responsibility standards.

A Country's Governing Body Has Passed a New Law That