Business Social Responsibility Quiz

The four expectations are economic, legal, ethical, and discretionary.

The concept emphasizes that businesses should be accountable for their actions which impact people, environment, and the community.

Organizations have moral, ethical, and philanthropic responsibilities in addition to their responsibility to earn a fair return for the investment.

<p>The economic responsibility focuses on the role of business in satisfying society’s expectations of producing goods and services needed and desired by the community at an affordable price after complying with the laws set by the governments.</p> Signup and view all the answers

<p>Ethical responsibility is concerned with societal expectations that go beyond the economic and legal requirements, requiring organizations to conduct their affairs in a fair way and make proactive efforts to meet the norms of the society.</p> Signup and view all the answers