When management considers social and economic issues in decision making,the company is practicing ________.
A)business ethics
B)consumerism
C)social responsibility
D)social welfare

Question

Quizplus · Accepted Answer

Social responsibility refers to a company's obligation to consider social and economic factors in decision-making, not just profit maximization. Business ethics refer to the principles and standards of conduct that guide behavior in a business. Consumerism is the protection of consumer rights and interests. Social welfare refers to government programs aimed at promoting the well-being of society. Therefore, the best choice in this scenario is social responsibility.

When Management Considers Social and Economic Issues in Decision Making,the