________ Responsibility Is How an Organization Responds to the Needs

question 44

Multiple Choice

________ responsibility is how an organization responds to the needs of the many elements in society.

• A)Moral
• B)Investor
• C)Social
• D)Ethical

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which must be paid in the future, including loans, accounts payable, and mortgages.

Shareholders' Equity

The residual interest in the assets of a corporation after subtracting liabilities, representing the ownership interest of shareholders.

Liabilities

Obligations a company owes to external parties, which can include loans, accounts payable, mortgages, and other debts due.