_______ is the idea that business has a duty to serve society in general as well as the financial interests of stockholders.

Question

Quizplus · Accepted Answer

Corporate social responsibility is the idea that businesses must act morally and ethically and contribute to the betterment of society while also fulfilling their financial responsibilities to their shareholders. This approach involves considering the impacts that business operations have on society, the environment, and other stakeholders, rather than focusing solely on maximizing profits. Discretionary and ethical responsibilities are subcategories of corporate social responsibility, while utilitarianism is a philosophy that evaluates ethics based on the greatest good for the greatest number of people, which is related but not synonymous with corporate social responsibility.

_______ Is the Idea That Business Has a Duty to Serve