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    Question

    The Social responsibility of business can broadly be

    divided into various categories like, a. Economic responsibility b. Legal responsibility c. Ethical responsibility d. Discretionary responsibility
    A a, b, c Correct Answer Incorrect Answer
    B a, c Correct Answer Incorrect Answer
    C b, c, d Correct Answer Incorrect Answer
    D All these Correct Answer Incorrect Answer

    Solution

    The social responsibility of business is often categorized into four types: Economic (be profitable), Legal (obey the law), Ethical (be ethical, do what is right), and Discretionary/Philanthropic (be a good corporate citizen). Therefore, all options a, b, c, and d are correct.

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