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

Question

Quizplus · Accepted Answer

Corporate social responsibility (CSR) refers to a business firm's obligation to act in ways that benefit society beyond its legal and economic obligations. This can include actions such as environmental sustainability, philanthropy, and ethical business practices. While social obligation and social responsiveness also relate to a firm's societal obligations, CSR specifically refers to going above and beyond the minimum requirements. Values-based management and social reaction are not directly related to the concept of CSR.

________ Is Defined as a Business Firm's Obligation, Beyond What