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Question
multiple choice question
according to carrolls global corporate responsibility pyramid, which corporate responsibility involves the need to be profitable?
legal
philanthropic
ethical
economic
Carroll's Global Corporate Responsibility Pyramid has four levels: Economic, Legal, Ethical, and Philanthropic. The Economic responsibility focuses on a corporation's need to be profitable, as it involves generating revenue, managing costs, and creating value for stakeholders to sustain operations. Legal responsibility is about following laws, Ethical is about doing what's morally right, and Philanthropic is about voluntary contributions to society. So the responsibility involving the need to be profitable is Economic.
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Economic