Commerce WAEC

If a business uses part of its profit to develop the area where it operates, the business is fulfilling its?

A. economic responsibility
B. marketing responsibility
C. social responsibility
D. managerial responsibility

Correct Answer: Option C

C. social responsibility

Explanation

Social responsibility is an ethical framework and suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large. Social responsibility is a duty every individual has to perform so as to maintain a balance between the economy and the ecosystems.

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