A local Chamber of Commerce plans a seminar on the social responsibility of business in our community. What does that term reference? A. The responsibility of business to make profit for shareholders. B. The responsibility of business to have annual meetings. C. The expectations that the community imposes on firms doing business inside its borders. D. The expectations of employees regarding wage rates. E. The expectations of management in regard to adequate utility resources

Question

Conrad Harrison

Business

19 March, 00:24

A local Chamber of Commerce plans a seminar on the social responsibility of business in our community. What does that term reference? A. The responsibility of business to make profit for shareholders. B. The responsibility of business to have annual meetings. C. The expectations that the community imposes on firms doing business inside its borders. D. The expectations of employees regarding wage rates. E. The expectations of management in regard to adequate utility resources

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Villarreal · Answer 1

C. The expectations that the community imposes on firms doing business inside its borders.

Explanation:

Social responsability of business refers to the obligation that an organization has to act in a way that benefits the society. This means that companies not only need to focus on profits but also on performing their activities in a way that is friendly with the environment and that protects the society. So, in this case, if the local Chamber of Commerce plans a seminar on the social responsibility of business in their community, the term references the responsability that firms doing business there have to provide benefits to the community.