_____ is the obligation of a business to contribute to society.
A) Social responsibility
B) Social entrepreneurship
C) Shareholder primacy
D) Workplace diversity

Question

Quizplus · Accepted Answer

Social responsibility refers to the duty of a business to promote the well-being of society through its actions, such as engaging in ethical business practices, supporting social causes, and minimizing its environmental impact. It recognizes that businesses have a broader role to play beyond simply making profits, and that they should prioritize the interests of all stakeholders, including customers, employees, suppliers, and the broader community. Social entrepreneurship, on the other hand, refers specifically to a business that is established to solve social or environmental problems, while shareholder primacy is the belief that a business's primary responsibility is to maximize returns to its shareholders. Workplace diversity refers to efforts to create a more inclusive and diverse workforce within a business.

_____ Is the Obligation of a Business to Contribute to Society