Which of the following statements about social contracts is true?

Question

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A social contract is an unwritten agreement between businesses and society that outlines the expectations and responsibilities of each party. While some aspects of the social contract may be expressed through laws and regulations, it also encompasses broader social values and norms. As such, businesses are expected to fulfill their obligations under the social contract not just because it is required by law, but also because it is seen as necessary for maintaining positive relationships with stakeholders and promoting the common good. Option A is incorrect because businesses are generally seen as having a responsibility to fulfill social contracts, even if it is not legally required of them. Option B is partly correct in that social contracts do codify expectations, but it does not necessarily restrict them to just stakeholders. Option C is incorrect as economic forces do not have a direct impact on the obligations set out by a social contract.

Which of the Following Statements About Social Contracts Is True