There are several criteria for evaluating socially responsible corporate behaviour. A firm is meeting its ___ when it voluntarily conforms to legal as well as broader values and moral expectations of society.
A) economic responsibility
B) legal responsibility
C) ethical responsibility
D) discretionary responsibility
E) stakeholder responsibility

Question

Quizplus · Accepted Answer

Ethical responsibility refers to a company's voluntary actions to do what is right and expected by society, which includes adhering to legal requirements as well as moral and ethical principles. Economic responsibility refers to a business's duty to make a profit, legal responsibility refers to complying with laws and regulations, discretionary responsibility refers to optional philanthropic or community initiatives, and stakeholder responsibility refers to considering the needs and interests of all stakeholders.

There Are Several Criteria for Evaluating Socially Responsible Corporate Behaviour