Which of the following statements is true of the social responsibilities of a business?
A. A firm's ethical responsibilities go beyond its legal responsibilities.
B. Shareholders mandatorily require a firm to perform its ethical and philanthropic responsibilities.
C. Ethical responsibilities are the foundational building block of a firm's social responsibility.
D. Legal responsibilities are often subsumed under the idea of corporate citizenship, reflecting the notion of voluntarily giving back to society.
Answer: A firm's ethical responsibilities go beyond its legal responsibilities.