__________ responsibility exists when an organization earns a profit through the provision of goods and services desired by customers.
A) Economic
B) Legal
C) Ethical
D) Discretionary

Question

Quizplus · Accepted Answer

Economic responsibility refers to an organization's duty to generate a profit and provide goods and services that meet the needs and wants of its customers. This is the most fundamental responsibility of any business as it is necessary for survival and growth in a competitive market. Legal responsibility involves complying with laws and regulations, ethical responsibility involves doing what is right and just, and discretionary responsibility involves philanthropic and charitable efforts.

__________ Responsibility Exists When an Organization Earns a Profit Through