Question

According to the economic model of corporate social responsibility, the sole duty of a business is to: A. go beyond legal responsibilities to cater to the needs of the society.B. fulfill the economic functions that it was designed to serve.C. think beyond economic ends that have to be met to help the society.D. analyze the defects in society and design products to overcome these defects.

Answer 1

Answer:

The correct answer is (b)

Explanation:

The corporate social responsibility helps to highlight the basic purpose, the role of an organisation or firm towards its shareholders, society and public. The basic role of a business is to provide goods and services to the public that is their economics function. According to CSR, a business must fulfil all the economic functions they were supposed to do.