Final answer:
An organization fulfills its social obligation by acting as per the requirements of society. This includes adhering to legal norms and regulations, and may encompass broader societal responsibilities like environmental conservation and community engagement.
Step-by-step explanation:
Under the concept of social obligation, the organization does what is required by society.
The concept of social obligation in the business context revolves around the idea that businesses should act responsibly towards society by abiding by its legal and ethical standards. This often entails that a business adheres to the laws, regulations, and ethical norms established by the society within which it operates.
Corporations are expected to fulfill their social obligations not only to their shareholders or employees but to the larger community as well. This includes engaging in practices that support social welfare, such as environmental conservation and community development.
Within this broader scope, corporations are often viewed as having a civic responsibility to contribute positively to society. This includes responsibilities such as obeying the law and paying taxes, which are considered foundational to maintaining a healthy social and economic system.
Therefore. the correct answer is D) Society.