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Question

_______ is/are the kinds of social responsibility.

A
Legal responsibility
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B
Economic responsibility
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C
Ethical responsibility
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D
All of the above
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Solution

The correct option is D All of the above
Social Responsibility includes the following types:
  • Economic responsibility: A business enterprise is basically an economic entity and, therefore, its primary social responsibility is economic.
  • Legal responsibility: Every business has a responsibility to operate within the laws of the land.
  • Ethical responsibility: This includes the behavior of the firm that is expected by society but not codified in law

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