Commerce JAMB

The social responsibility factor of an organization is geared towards?

A. contributing to the sustenance and development of its host community
B. operating without disrupting the very essence of the environment
C. tackling the socio-economic problems of the state
D. meeting the needs and demands of the shareholders

Correct Answer:

Option A – contributing to the sustenance and development of its host community

Explanation

Social responsibility is an ethical theory, in which individuals and business enterprises are accountable for fulfilling their civic duty; the actions of an individual or business must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment.
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