Which of the following statements is true about the social obligation approach?
A) It views business as having both economic and societal goals.
B) It considers business as having both societal and economic goals as well as the obligation to anticipate potential social problems.
C) It views business as having societal goals and the obligation to anticipate potential social problems,but lacking economic goals.
D) It considers business as having primarily economic purposes and confines social responsibility activity mainly to existing legislation.
E) It considers business as having both societal and economic goals as well as the obligation to anticipate potential social problems and work actively toward preventing their occurrence.
Correct Answer:
Verified
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