In the business world, what does social responsibility refer to?
A) attempts to earn the highest possible return for the owners of a business
B) the obligation to obey the law
C) the obligation of a business organization to contribute to society
D) decisions individuals make about what is right and wrong

Question

Quizplus · Accepted Answer

Social responsibility refers to the idea that businesses have an obligation to contribute to society beyond simply making profits and obeying the law. This can include activities such as charitable giving, environmental stewardship, and ethical labor practices. Options A and D focus more on individual decision-making, while option B describes a more basic legal obligation that all businesses have to follow.

In the Business World, What Does Social Responsibility Refer To