Asked by Alexandra Ibanez on Jun 25, 2024

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An organisation is meeting its discretionary responsibility when it:

A) earns a profit through provision of goods and services desired by customers.
B) voluntarily moves beyond basic economic, legal and ethical expectations to provide leadership in advancing social wellbeing.
C) anticipates socially responsible behaviour.
D) voluntarily conforms to legal expectations as well as broader values and moral expectations of society.
E) complies with the law and requirements of various external regulations.

Discretionary Responsibility

The accountability of a company or individual to make ethical decisions and act in the public interest, beyond mere compliance with laws and regulations.

Social Wellbeing

The condition in which individuals feel a sense of belonging and inclusion in a community, experiencing good social relationships and contributions to society.

Economic, Legal

Pertaining to the principles and regulations that govern trade, business activities, and wealth distribution within and between societies.

  • Determine standards for assessing the social responsibility of corporate actions.
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mandeep sharmaJun 27, 2024
Final Answer :
B
Explanation :
Discretionary responsibility refers to a company's voluntary actions to improve social well-being beyond what is required by economics, law, or ethics. Choice B accurately describes this by mentioning the voluntary leadership in advancing social wellbeing, which goes beyond basic expectations.