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A. Employees and customers.B. Shareholders and owners.C. All interested parties.D. All those who might sue the organization.
i agree with mr.ibrahim mayaleh answer.....thank you all
C. All interested parties.
All the ineterested parties for Social responsibility
Answer C .
It is all interested parties including shareholders, employees, customers and even the society arround
C. All interested parties.............
C.All interested parties
Total Corporate Social Responsibility
Economic responsibilities:
The first criterion of social responsibility is economic responsibility. The business institution is, above all, the basic economic unit of society. Its responsibility is to produce goods and services that a society wants and to maximise profit for its owners and shareholders. Economic responsibilities, carried to the extreme, is called profit-maximizing view; it was advocated by Nobel economist Milton Friedman. This view argued that a company should be operated on a profit-oriented basis, with its sole mission to increase its profits so long as is stays withing the rule of the game.
The purely profit-maximizing view is no longer considered an adequate criterion of performance in the world in general. Treating economic gain in the social as the only social responsibility can lead companies into trouble.
Legal responsibilities
All modern societies lay down ground rules, laws and regulations that businesses are expected to follow.Legal responsibility defines what society deems as important with respect to appropriate corporate behavior. Businesses are expected to fulfil their economic goals within the legal framework. Legal requirements are imposed by local councils, state and federal governments and their regulating agencies. Organizations that knowingly break the law are poor performers in this category. Intentionally manufacturing defective goods or billing a client for work not done is illegal. Legal sanctions may include embarrassing public apologies or corporate ‘confessions’.
Ethical responsibilities
Ethical responsibility include behavior that is not necessarily codified into law and may not serve the organization’s direct economic interests. To be ethical, organization’s decision makers should act with equity, fairness and impartiality, respect the rights of individuals, and provide different treatments of individual only when differences between them are relevant to the organization’s goals and tasks. Unethicalbehavior occurs when decisions enable an individual or organization to gain expense of society.
Discretionary responsibilities
Discretionary responsibility is purely voluntary and guided by an organization’s desire to make social contributions not mandated by economics, laws or ethics. Discretionary activities include generous philanthropic contributions that offer no payback to the organization and are not expected. Discretionary responsibility is the highest criterion of social responsibility, because it goes beyond societal expectations to contribute to the community’s welfare.
A. Employees and customers.
B. Shareholders and owners.
I will go for answer C ................................
>>>>>>>>>> My answer will be option C. All interested parties.
