Multiple choice

Need for social responsibility arises due to the

  1. Firm's interest

  2. Interest of society

  3. Both firm's and society interest

  4. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The need for social responsibility arises because businesses exist within a society and depend on it for resources and customers; therefore, the interests of both the firm and society are intertwined.