Asked by Alexandra Ibanez on Jun 25, 2024
Verified
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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Learning Objectives
- Determine standards for assessing the social responsibility of corporate actions.
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