Making decision based on generally held beliefs about proper corporate behavior is termed an organization's
A) legal
B) ethical
C) economic
D) discretionary _________ responsibility.

Question

Quizplus · Accepted Answer

Ethical responsibility refers to an organization's decision-making process that is based on generally held beliefs about proper corporate behavior. This includes considerations such as social responsibility, environmental sustainability, and ethical business practices. Although legal responsibility is important, it only covers the minimum requirements mandated by law, while ethical responsibility goes beyond that and considers the broader impact of the organization's actions on society and the environment. Economic responsibility and discretionary responsibility are also important, but they focus on financial performance and choices made at the discretion of the organization, respectively.

Making Decision Based on Generally Held Beliefs About Proper Corporate