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Which of the following statements is true about social responsibility?

Select one:

a$.$ It is the managerial obligation to cater to the needs of the stockholders, while abiding by he laws of the society.

b$.$ It is the managerial obligation to ensure the accountability of certain individuals in a organization through mechanisms that try to reduce or eliminate the principal$-$agent problem.

c$.$ It is the managerial obligation to take action that protects and improves both the welfare of society as a whole and the interests of the organization.

d$.$ It is the managerial obligation to ensure ethical decision making in an organizational to benefit its customers.

e$.$ It is the managerial obligation to abide to societal laws when pursuing organizational goals.