There are several criteria for evaluating socially responsible corporate behaviour. A firm is meeting its ___ when it operates within the law and according to the requirements of various external regulations.
A) economic responsibility
B) legal responsibility
C) ethical responsibility
D) discretionary responsibility
E) stakeholder responsibility

Question

Quizplus · Accepted Answer

Legal responsibility refers to a company's obligation to comply with laws and regulations. This is the most basic level of corporate responsibility and refers to a company's duty to act within the bounds of the law. Companies that violate the law or engage in illegal activities are not meeting their legal responsibilities.

There Are Several Criteria for Evaluating Socially Responsible Corporate Behaviour