The obligation of organization management to make decisions and take actions that will enhance the welfare and interests of society as well as the organization is referred to as:

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Corporate social responsibility refers to the obligation of organization management to make decisions and take actions that will enhance the welfare and interests of society as well as the organization. Self-dealing refers to taking advantage of one's position for personal gain, discretionary responsibility refers to voluntary actions taken by organizations to address social issues, and economic responsibility refers to fulfilling the obligation to provide a financial return to shareholders.

The Obligation of Organization Management to Make Decisions and Take