What type of corporate social responsibility focuses on profit and compliance with laws?

Study for the Penn Foster Principles of Management (BUS 110) Test. Review core concepts with flashcards and multiple-choice questions, each offering hints and explanations. Prepare effectively for your exam!

The correct answer is focused on economic responsibilities, which are centered around the idea that a corporation's primary obligation is to generate profits for its shareholders while complying with all applicable laws and regulations. This aspect of corporate social responsibility underscores the fundamental role of businesses in contributing to the economy, providing jobs, and generating returns on investment.

Economic responsibilities serve as the foundation of a business’s operations, where legal compliance ensures that companies engage in fair practices and protect stakeholder interests. By prioritizing profit and adherence to laws, businesses not only sustain themselves but also enable a healthy economic environment within which they operate.

The other options, such as philanthropic responsibilities, ethical responsibilities, and social responsibilities, while important, emphasize different aspects of corporate social behavior. Philanthropic responsibilities relate to voluntary actions taken by companies to contribute to the welfare of the community, ethical responsibilities go beyond legal obligations to include moral standards, and social responsibilities encompass a broader commitment to societal well-being, which can include environmental considerations and community engagement.

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