According to Carroll, the responsibility that management of a business organization has to produce goods and services of value to society so that the firm may repay its creditors and stockholders is called

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The responsibility that management of a business organization has to produce goods and services of value to society so that the firm may repay its creditors and stockholders is called economic responsibilities. This refers to the obligation of the business to operate in a way that maximizes profits and benefits the economy as a whole, fulfilling its financial responsibilities.

According to Carroll, the Responsibility That Management of a Business