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:
A) self-dealing.
B) corporate social responsibility.
C) discretionary responsibility.
D) economic responsibility.
E) none of these.

Question

Quizplus · Accepted Answer

Corporate social responsibility involves the obligation of organization management to take actions and make decisions that will enhance the welfare and interests of both society and the organization. It is a voluntary action that goes beyond economic responsibilities and aims to address societal and environmental issues. Self-dealing refers to actions taken by managers that benefit themselves rather than the organization, while discretionary responsibility refers to actions taken by organizations that are not mandatory, but are beneficial to society. Economic responsibility is the basic responsibility of organizations to make a profit. Therefore, option B is the best choice.

The Obligation of Organization Management to Make Decisions and Take