A business that contributes resources to the community to improve the quality of life is taking on a(n) ____ responsibility.
A) ethical
B) legal
C) cost
D) philanthropic
E) economic

Question

Quizplus · Accepted Answer

Philanthropic responsibility is the voluntary contribution of resources, including financial, human, and material, by businesses to improve the quality of life of people in the community. This goes beyond economic and legal responsibilities and is considered socially responsible behavior. Ethical responsibility refers to businesses behaving ethically and morally, while cost responsibility refers to minimizing costs. Economic responsibility requires businesses to be profitable and contribute to economic development in their communities.

A Business That Contributes Resources to the Community to Improve