Question

27. Many telecom companies slashed their
ISO call rates substantially after earthquake
hit Nepal. This is an example of fulfilling
which type of responsibility? *
O a) Economic responsibility
O b) Ethical responsibility
O c) Legal responsibility
O d) Discretionary responsibility
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Answer 1

This is an example of fulfilling discretionary responsibility.

It is also known as philanthropic responsibility.

• It is voluntary in nature and not guided by any law, ethics or economics.
• It is associated with a company's desire to make contributions towards the betterment of the society.
• Hence, it involves no profit-making motive or monetary gain. It is like fulfilling one's moral duty by donating a part of their revenues.
• Examples- charitable donations, providing monetary or human aid during natural disasters, etc.