Which of the following statements best defines social responsibility?
A)It is a business' obligation to pursue policies, make decisions, and take actions that benefit society.
B)It is a business tactic used to gather society trends.
C)It is what companies are legally obliged to do to protect their external environments.
D)It is a business' responsibility to its shareholders.
E)It is a business' responsibility follow societal mores.

Question

Quizplus · Accepted Answer

Social responsibility refers to a business' obligation to pursue policies, make decisions, and take actions that benefit society. This includes efforts to improve the environment, support social causes, promote ethical behavior, and engage in philanthropy. It goes beyond legal requirements and is seen as a moral imperative for businesses.

Which of the Following Statements Best Defines Social Responsibility