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The idea that business people should consider the social consequences of economic actions when making business decisions and that there should be a presumption in favor of decisions that have both good economic and social consequences is known as _____.A. moral relativism.B. noblesse oblige.C. ethical dilemma.D. social responsibility

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akposevictor

Answer:

D. social responsibility

Explanation:

Social responsibility is a concept that states that a business organizations have the responsibility to ensure that whatever business decision they make should be beneficial to the environment and society where such business organizations’ presence are. For example, one of the social responsibility of oil companies should be a deliberate effort to reduce environmental degradation as well as reducing carbon footprints to ensure a healthy ecosystem. This social responsibility should guide oil companies on how they conduct their businesses.

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