Social responsibility is: - Vidyadip

MCQ

Social responsibility is:

A
same as a legal responsibility
B
broader than legal responsibility
C
Much lower than legal responsibility
D
narrower than legal responsibility

✓

Answer

(c) Licensing
Explanation:
Licensing refers to permitting another party in a foreign country to produce and sell goods under trademarks. patents or copyrights in lieu of some fee.(b) broader than legal responsibility
Explanation:
Social responsibility is broader than the legal responsibility of business. It is a firm's recognition of social obligations even though not covered by the law, along with the obligations laid down by law.

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