The text identifies several criteria for evaluating socially responsible corporate behaviour. A company is meeting its __________ when it operates within the law and according to the requirements of various external regulations.

A) ethical responsibility
B) discretionary responsibility
C) legal responsibility
D) stakeholder responsibility
E) economic responsibility

Socially Responsible

Refers to businesses and individuals acting in a way that benefits society and the environment, beyond what is required by law.

Legal Responsibility

The obligation to act according to the law as defined by a governing body, encompassing duties and liabilities.

Ethical Responsibility

Refers to the obligation to act in a manner that is fair, honest, and beneficial to both the society and the business.