What concept refers to an enterprise's responsibility toward wider society and the environment?

• A. Economic responsibility
• B. Sustainability
• C. Corporate social responsibility
• D. Profit accountability

Answer: (C)

The concept that refers to an enterprise's responsibility toward wider society and the environment is corporate social responsibility (CSR). CSR signifies the commitment of businesses to contribute positively to societal goals, which includes addressing social issues, environmental challenges, and ethical practices within their operations.

By engaging in CSR, an enterprise acknowledges that its actions have impacts that extend beyond profit-making and that they have a role in promoting social welfare and environmental sustainability. This involves implementing practices that are beneficial to the community, protecting the environment, and ensuring fair treatment of stakeholders, including employees, customers, and suppliers.

While sustainability emphasizes the balance of environmental, social, and economic factors for long-term viability, and economic responsibility focuses specifically on fulfilling financial obligations, CSR encompasses a broader range of duties. Profit accountability is related to financial performance but does not cover the ethical and social dimensions of business responsibilities. Therefore, corporate social responsibility is the most fitting term to describe an enterprise's commitment to the wider community and the environment.