Question

Which of the following statements regarding responsible management is true?
Responsible Management cannot be institutionalized
Responsible Management refers to charity
Responsible Management excludes shareholders
None of the above

Answer 1

Answer: Responsible Management refers to charity.

WHAT IS RESPONSIBILITY MANAGEMENT?

In business, responsible management refers to the commitment that management and executives make to take the ethical and moral implications of their daily actions into consideration.

For incorporating ethics, sustainability, and the principles of entrepreneurship into any particular business model, responsible management in business has so far proven to be the most effective management structure.

The resource goes beyond simple management frameworks. It is a framework that guarantees that a set of standards is upheld throughout all business processes.

A more equitable and sustainable socioeconomic development depends on responsible management.

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