The duty a company has to conduct its affairs ethically in a manner that benefits both employees and the larger society is known as
A) ethics.
B) a values statement.
C) profit maximization.
D) social responsibility.

Question

Quizplus · Accepted Answer

The term "social responsibility" refers to a company's obligation to act in a way that benefits both its employees and the larger society. This may include actions such as reducing environmental impact, giving back to the community, and treating employees fairly. While ethics and values are related concepts, social responsibility specifically refers to a company's impact on society as a whole. Profit maximization, on the other hand, is the goal of maximizing profits for the company's owners or shareholders, which may or may not align with the principles of social responsibility.

The Duty a Company Has to Conduct Its Affairs Ethically