Many people believe that businesses should go beyond the social responsibilities mandated by economics,law,or ethics.A Toronto bases Credit Union decides to donate 10% of its pre-tax earnings to a local not-for-profit organization that restores inner city parks.Which of the following terms embodies the Credit Union's social responsibility commitment?

Question

Quizplus · Accepted Answer

The term that embodies the Credit Union's social responsibility commitment is discretionary. Discretionary social responsibility refers to actions that businesses take voluntarily and are not required by law, ethics, or economics. The Credit Union is choosing to donate 10% of its pre-tax earnings to a local not-for-profit organization, which is a discretionary action beyond its mandatory responsibilities.

Many People Believe That Businesses Should Go Beyond the Social