________ is defined as a business firm's intention, beyond its legal and economic obligations, to do the right things and act in ways that are good for society.
A) Social obligation
B) Social responsibility
C) Social screening
D) Values-based management
E) Social responsiveness

Question

Quizplus · Accepted Answer

Social responsibility refers to a business firm's voluntary actions beyond economic and legal obligations to benefit society. It involves acting in ways that demonstrate concern for social, environmental, and ethical issues. Social obligation refers to a company's legal responsibility to comply with laws and regulations. Social screening is a process used to evaluate the social and environmental impact of investments. Values-based management is a commitment to certain core ethical values in conducting business. Social responsiveness refers to a company's ability to respond to changes and demands in the external environment.

________ Is Defined as a Business Firm's Intention, Beyond Its