Historically,which type of responsibility means making a profit by producing something valued by society?
A)discretionary
B)ethical
C)legal
D)economic

Question

Historically,which type of responsibility means making a profit by producing something valued by society?
A)discretionary  
B)ethical  
C)legal  
D)economic

Quizplus · Accepted Answer

Economic responsibility refers to a company's obligation to make a profit by producing goods or services that meet the needs and wants of society. It is the foundation of a company's existence and the basis for its survival. Without earning a profit, a company cannot sustain its operations or fulfill its other responsibilities, such as ethical or philanthropic ones.

Historically,which Type of Responsibility Means Making a Profit by Producing