The economic responsibility perspective of social responsibility stipulates that businesses should act in a way that is consistent with society's view of responsible behavior as well as with established laws and policies.

Question

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The economic responsibility perspective primarily focuses on the generation of profit within the bounds of the law, rather than aligning business actions with society's views of responsible behavior or established laws and policies, which is more closely related to the legal and ethical perspectives of social responsibility.

The Economic Responsibility Perspective of Social Responsibility Stipulates That Businesses