There Are Several Criteria for Evaluating Socially Responsible Corporate Behaviour

question 235

Multiple Choice

There are several criteria for evaluating socially responsible corporate behaviour. A firm is meeting its ___ when it operates within the law and according to the requirements of various external regulations.

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

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Definitions:

Contracts

Legally binding agreements between two or more parties that specify the terms and conditions of their relationship and transactions.

Service Delivery

The manner in which a company provides a service to customers, including the process of ensuring customer satisfaction.

Outsourcing Increase

The growing trend or act of contracting out tasks, functions, or jobs to external service providers or companies.

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.