alleryStart learning →Home › Bihar Board Class 12 (Commerce) › Business Studies › Social Responsibility of Business and Business Ethics › What separates social from legal responsibility?
What separates social from legal responsibility?
AVoluntary action by managers
BPunishment for non-compliance
CA mandatory annual audit
DPrior approval by a court
Answer & Solution
Correct answer: A. Voluntary action by managers
Social responsibility involves an element of voluntary action by business people for the benefit of society, unlike compulsory legal duties.
Related questions
Audits and reporting systems for unethical acts areWhich element of business ethics requires the CEO to openly back ethical conduct?A written document laying down an organisation's ethical rules is calledWhich is an example of business ethics?The word 'ethics' is traced to a Greek word meaningThe Wildlife Protection Act was enacted in which year?Which law of 1986 protects the environment?Which is a business step for environmental protection?