For businesses,merely to observe the law is sufficient as legal regulations are flexible and adequately informed to be the only social guide for business decision making.

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Business plays a vital role in serving society, and one cannot isolate the effect of important business decisions from their social consequences. For businesses merely to observe the law is not sufficiently responsible. Legal regulation lacks flexibility and is inadequately informed to be the only social guide for business decision making.

For Businesses,merely to Observe the Law Is Sufficient as Legal