Question

The idea that businesspeople should consider the social consequences of economic actions when making business decisions and that there should be a presumption in favor of decisions that have both good economic and social consequences is known as Multiple Choice
social responsibility.
moral relativism.
noblesse oblige.
ethical dilemma.

Answer 1

The idea that businesspeople should consider the social consequences of economic actions when making business decisions and that there should be a presumption in favor of decisions that have both good economic and social consequences is known as "social responsibility".

Option: A

Explanation:

Social responsibility is the awareness which is always ethical to be carried by citizens, it showcase how one is aware about his or her environment. Humanity and education are big pillars which support such responsibilities. Many circumstances take place which need indulgence of sensible social person to direct people, to initiate actions which are needed, to aware the neighbors with simplicity and ask them for support being a citizen. Each human on this universe is having social responsibility, depends how and how much one takes it.

Answer 2

Answer:

The correct answer is letter "A": social responsibility.

Explanation:

Social Responsibility refers to all the efforts that a company is making to manage a business that protects the surrounding environment where its headquarters are located, train employees in ethical behavior inside and outside the company, and engage in charitable activities to help people in need of the community.  

Most socially responsible companies have a better corporate image in the eyes of consumers who are likely to purchase their goods, eventually benefiting the institution.