In a general sense, social responsibility is management's acceptance of the obligation to consider profit, consumer satisfaction, and societal well-being of equal value in evaluating the firm's performance.

Question

Quizplus · Accepted Answer

Social responsibility involves considering not just profit and consumer satisfaction, but also the impact of the firm's actions on society as a whole. So the statement is true.

In a General Sense, Social Responsibility Is Management's Acceptance of the Obligation