The provision of scholarship by a firm to needy students is part of its?
COMMERCE
WAEC 2018
The provision of scholarship by a firm to needy students is part of its?
- A. political responsibility
- B. economic responsibility
- C. social responsibility
- D. legal reponsibility
Correct Answer: C. social responsibility
Explanation
Social responsibility is an ethical framework and suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large. The actions of a firm must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *