Conch Corporation,a global oil and gas company,plans to open a subsidized postsecondary vocational school in the town of Cristen,where one of its offices is situated.The plan is put to vote and then approved despite some objection from shareholders.The school is being opened in collaboration with the local government.Its objective is to help the youth of the neighborhood,especially dropouts,learn a vocational skill.What social responsibility theory describes Conch Corporation's move to open the school?

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The social responsibility theory that describes Conch Corporation's move to open the school is corporate citizenship. This theory holds that businesses should act as good citizens, taking actions that improve the well-being of people and the environment in the communities where they operate, even if it goes beyond their legal obligations. By opening a subsidized postsecondary vocational school in Cristen, Conch Corporation is taking action towards improving the education and employability of the youth in the neighborhood, which aligns with the principles of corporate citizenship.

Conch Corporation,a Global Oil and Gas Company,plans to Open a Subsidized