Which of the following best describes Social Responsibility?

The concept of social responsibility encompasses the idea that organizations have an obligation to consider the societal and environmental impacts of their actions beyond simply generating profits. Option B is correct because it emphasizes the importance of incorporating social and environmental considerations into decision-making processes. This approach encourages organizations to look at how their operations affect various stakeholders, including employees, communities, and the environment, fostering a more sustainable and ethical business model.

By integrating these considerations into decision-making, companies can contribute to social equity, environmental sustainability, and overall community well-being. This broadens the scope of responsibility from merely focusing on financial outcomes to also recognizing the interconnection between business practices and their influence on society and the planet. Such a comprehensive understanding of social responsibility aligns with the principles of sustainability, where economic, social, and environmental factors are interconnected and must be balanced.