Which term best describes the obligation of a business to contribute to society?

Question

Quizplus · Accepted Answer

Social responsibility is the term that best describes the obligation of a business to contribute to society. Social responsibility refers to the idea that businesses should not only focus on maximizing profits, but also consider the impact of their actions on society, including the environment, their employees, and the broader community. Antitrust enforcement refers to government efforts to prevent monopolies and promote competition. Business ethics refers to the moral principles and values that guide the behavior of individuals and organizations in the business world. Relative ethics refers to the idea that ethical standards are relative to the culture or individual, rather than universal.

Which Term Best Describes the Obligation of a Business to Contribute