Asked by Elizabeth Morrical on Apr 24, 2024
Verified
There are several criteria for evaluating socially responsible corporate behaviour. A firm is meeting its ___ when it voluntarily conforms to legal as well as broader values and moral expectations of society.
A) economic responsibility
B) legal responsibility
C) ethical responsibility
D) discretionary responsibility
E) stakeholder responsibility
Ethical Responsibility
The duty to act in a morally correct manner, both individually and within a professional or societal context.
Corporate Behaviour
The actions, attitudes, and values demonstrated by a company and its employees, which influence its reputation and culture.
Moral Expectations
Standards or beliefs regarding what is right or wrong behavior within a society or group.
- Highlight the differences in economic, legal, ethical, and discretionary obligations pertaining to organizations.
Verified Answer
Learning Objectives
- Highlight the differences in economic, legal, ethical, and discretionary obligations pertaining to organizations.
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