Asked by Amber Koeuth on Jun 25, 2024
Verified
An organisation is meeting its legal responsibility when it:
A) earns a profit through provision of goods and services desired by customers.
B) voluntarily moves beyond basic economic, legal and ethical expectations to provide leadership in advancing social wellbeing.
C) anticipates socially responsible behaviour.
D) voluntarily conforms to legal expectations, and broader values and moral expectations of society.
E) complies with the law and requirements of various external regulations.
Legal Responsibility
The obligation to act according to law, including adhering to statutes, regulations, and being accountable for actions or decisions.
External Regulations
Rules, standards, and laws that an organization must follow, which are imposed by external bodies such as governments or industry associations.
Social Wellbeing
The overall health and prosperity of a society, considering factors like quality of life, social cohesion, and access to resources and services.
- Understand the importance of complying with legal responsibilities within an organization.
Verified Answer
Learning Objectives
- Understand the importance of complying with legal responsibilities within an organization.
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