JAMB Commerce 1994 Question 48

Question 48

Business Environment and Social Responsibility

When an oil exploring and mining company builds a health centre in one of the communities where it operates, such a company is

  1. A.currying favour from local people
  2. B.finding a way to spend excess profits
  3. C.fulfilling part of its social responsibility
  4. D.investing its idle funds.
Show the answer and explanation

Answer: C (fulfilling part of its social responsibility)

Explanation

Providing amenities for host communities is part of a firm's social responsibility.