The president of a company that manufactures plastic pipes for transporting crude oil considers how the firm's decisions will affect the welfare of society.He is expressing which of the following?

Question

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Social responsibility refers to a business's consideration of the impact its decisions will have on society, including its economic, environmental, and social effects. The president's consideration of the welfare of society when making decisions shows his concern for social responsibility. Macroeconomics deals with the economy as a whole, consumerism is the protection of consumers' rights and interests, and business ethics deals with ethical issues within a business.

The President of a Company That Manufactures Plastic Pipes for Transporting