The concept that proposes private corporations have responsibilities to society that extend beyond making a profit is known as
A) flexible responsibility.
B) social responsibility.
C) social flexibility.
D) managerial responsibility.
E) profit maximization.

Question

Quizplus · Accepted Answer

The concept described in the question is commonly known as "social responsibility," which proposes that private corporations have obligations to society that go beyond their profit-making activities.

The Concept That Proposes Private Corporations Have Responsibilities to Society