Social responsibility is the obligation of a business to maximize the positive impact it has on society and to minimize the negative impact.

Question

Quizplus · Accepted Answer

Social responsibility in business refers to the commitment of a company to act ethically and to contribute to economic development while improving the quality of life of the workforce, their families, the local community, and society at large, which includes both maximizing positive impacts and minimizing negative ones.

Social Responsibility Is the Obligation of a Business to Maximize