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Legal social responsibility refers to the obligation of businesses and organizations to operate within the framework of laws and regulations while also considering the broader impact of their actions on society. This concept emphasizes compliance with legal standards as a foundational aspect of ethical behavior, highlighting that adhering to the law is essential for maintaining trust and accountability. It encompasses not only legal compliance but also the proactive efforts to contribute positively to social and environmental issues. Ultimately, legal social responsibility balances profit-making with the welfare of the community and the environment.
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What are the Types of social responsibility?
Economic Legal Ethical Discretionary
What are the four levels of social responsibility in an organization?
1.Economic Responsibility;2. Legal Responsibility;3.Ethical Responsibility; &4.Discretionary Responsibility;
Business facing legal ethical or social responsibility dilemma?
Walmart
What are the four dimensions of social responsibility?
economic, legal, ethical and philanthropic.
What are the four components of social responsibility?
economic, legal, ethical, philanthropic responsibilities
If Profit maximizers sometimes argue that corporate are adequately controlled by legal rules then explain how the social responsibility advoctes respond to this assertion?
Social responsibility advocates respond to this assertion by stating that legal rules set the minimum responsibility of a corporation. The corporation as to go above and beyond this minimum.
Can you name a business that is facing legal ethical and social responsibility dilemma?
Intercontinental bank plc.
What Minimal responsibility primarily involves?
fulfilling social responsibilities including legal and ethical guidelines.
Corporate social responsibility consists of which four kinds of responsibilities?
Corporate social responsibility (CSR) consists of which four kinds of responsibilities: a) Economic, ethical, societal, and altruistic b) Economic, legal, ethical, and altruistic c) Fiscal, legal, societal, and philanthropic d) Economic, legal, ethical, and philanthropic
What are demerits of social responsibility?
demerits of social responsibility
What is social compliance?
The legal responsibility that a company or an organization should pose for leading a peaceful business that is full practice of legal obligations which does not hamper human rights.
Define social responsibility and differentiate between social obligation and social responsiveness?
•Social Obligation ØThe obligation of a business to meet its economic and legal responsibilities and nothing more. •Social Responsiveness ØWhen a firm engages in social actions in response to some popular social need. •Social Responsibility ØA business's intention, beyond its legal and economic obligations, to do the right things and act in ways that are good for society.
