Which concept refers to an enterprise's duty towards society and the environment?

Which concept refers to an enterprise's duty towards society and the environment?

• A. Corporate ethics
• B. Social responsibility
• C. Financial stewardship
• D. Environmental sustainability

Answer: (B)

The concept that refers to an enterprise's duty towards society and the environment is social responsibility. This term encompasses the idea that businesses should consider their impact on the broader community and the environment while pursuing their economic interests. Social responsibility includes actions that promote positive social change, ethical practices, and sustainability. It recognizes that companies have obligations to various stakeholders, including employees, customers, the community, and the planet, beyond just generating profit. This approach encourages enterprises to engage in practices that support social welfare, such as initiatives for environmental conservation, community development, and ethical labor practices. By adopting social responsibility, businesses not only work towards benefiting society but can also enhance their reputation, build customer loyalty, and ultimately contribute to long-term success.

The concept that refers to an enterprise's duty towards society and the environment is social responsibility. This term encompasses the idea that businesses should consider their impact on the broader community and the environment while pursuing their economic interests. Social responsibility includes actions that promote positive social change, ethical practices, and sustainability. It recognizes that companies have obligations to various stakeholders, including employees, customers, the community, and the planet, beyond just generating profit.

This approach encourages enterprises to engage in practices that support social welfare, such as initiatives for environmental conservation, community development, and ethical labor practices. By adopting social responsibility, businesses not only work towards benefiting society but can also enhance their reputation, build customer loyalty, and ultimately contribute to long-term success.