Social Responsibilities of Business and Business Ethics · Class 11 · CBSE · Commerce Business Studies
Which responsibility of business is considered a voluntary obligation, extending beyond legal and economic duties to include contributions to communi…
Practice question from Social Responsibilities of Business and Business Ethics (Class 11 · CBSE · Commerce Business Studies), with the correct answer and a step-by-step solution.
medium · MCQ · Q-2F9123
Which responsibility of business is considered a voluntary obligation, extending beyond legal and economic duties to include contributions to community welfare and quality of life?
- A.Economic responsibility
- B.Legal responsibility
- C.Ethical responsibility
- D.Discretionary responsibilityCorrect answer
Solution
Discretionary responsibility refers to purely voluntary obligations that a business assumes, such as charitable contributions, investing in community projects, or providing civic amenities, going beyond legal, economic, and ethical requirements.
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