The provision of scholarship by a firm to needy students is part of its?
- political responsibility
- economic responsibility
-
social responsibility
- legal responsibility
The correct answer is: C
Explanation
Social responsibility is an ethical framework and suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large. The actions of a firm 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.