A manager's duty or obligation to make decisions that promotes the welfare and well-being of stakeholders and society, as a whole is known as:
A)Social audit
B)Procedural justice
C)Proactive approach
D)Social responsibility
E)Ethical behaviour

Question

Quizplus · Accepted Answer

Social responsibility refers to a manager's duty or obligation to make decisions that consider the impact on stakeholders and society as a whole. It involves taking into consideration not just the financial bottom line but also the social and environmental impact of organizational actions. Social responsibility includes ethical considerations, but it goes beyond just ethical behavior to consider the overall impact on society. Social audit is a related concept but refers specifically to the process of evaluating an organization's social performance. Procedural justice and a proactive approach are important principles for ethical decision-making but do not speak specifically to social responsibility.

A Manager's Duty or Obligation to Make Decisions That Promotes