Question

Match the following categories of social responsibility of business with their descriptions:

A. Economic Responsibility — (i) Voluntary philanthropic contributions
B. Legal Responsibility — (ii) Compliance with laws and regulations
C. Ethical Responsibility — (iii) Moral expectations not mandated by law
D. Discretionary Responsibility — (iv) Producing profitable products and services

Which of the following is the correct match?

• A. A-ii, B-iv, C-i, D-iii
• B. A-i, B-iii, C-iv, D-ii
• C. A-iv, B-ii, C-iii, D-i
• D. A-iii, B-i, C-ii, D-iv

Answer 1

Answer:

C. A-iv, B-ii, C-iii, D-i

• Economic duty = profit-making, Legal = law adherence, Ethical = moral expectations, Discretionary = voluntary philanthropy.