Social responsibility is the idea that organizations are only accountable to stockholders.

true-false

Question

Business

Raymond Bass

17 April, 01:50

Social responsibility is the idea that organizations are only accountable to stockholders.

true-false

+3

Answers (1)

Know the Answer?

Jacob Cannon · Answer 1

The statement is: False.

Explanation:

Social responsibility is an approach that states organizations are not just accountable to their stakeholders but to the community that surrounds it. According to this approach, firms do not only need to look for improving and achieving their financial goals but also their social and environmental purpose.

Social responsibility is the idea that organizations are only accountable to stockholders.true-false

Social responsibility is the idea that organizations are only accountable to stockholders.

true-false