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The primary legal responsibility of business is to obey the law. true or false

1 Answer

7 votes

Answer:

True

Step-by-step explanation:

The primary legal responsibility of a business is to obey the law. This means that businesses must operate within the legal framework established by the government, including complying with relevant laws, regulations, and rules. Businesses must also fulfill their legal obligations, such as paying taxes, obtaining necessary licenses and permits, and complying with labor laws and environmental regulations. While businesses have many other responsibilities, such as fulfilling their obligations to customers and stakeholders, obeying the law is the foundation of any ethical and responsible business practice.

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