As a firm fulfills its basic economic responsibilities, it must simultaneously
A)treat its employees equitably.
B)follow a code of business ethics.
C)utilize green marketing techniques.
D)have a philanthropic focus.
E)obey laws and regulations.

Question

Quizplus · Accepted Answer

Obeying laws and regulations is a must for any business organization, as it ensures that the company operates within a legal framework, and avoids the risk of fines, sanctions or legal actions. This also helps to demonstrate the company's commitment to ethical and socially responsible behavior. While other options mentioned (treating employees equitably, following a code of business ethics, utilizing green marketing techniques, having a philanthropic focus) are important for a company's image and reputation, they may not be as fundamental as obeying laws and regulations.

As a Firm Fulfills Its Basic Economic Responsibilities, It Must