A country with a socialist government has passed a new law that requires all companies to set aside a certain budget for social initiatives. These organizations are also required to provide an annual report to the government detailing all expenditure and policy information. These initiatives are in line with the ________ school of social responsibility.

Question

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The law requiring companies to set aside a budget and report on social initiatives is an example of government regulation, which is a school of thought in social responsibility that emphasizes the need for external oversight and control of business practices in order to promote social welfare. This differs from profit-orientation, which prioritizes financial results over social concerns, and professional obligation and managerial perspectives, which focus on internal organizational practices and codes of ethics.

A Country with a Socialist Government Has Passed a New