1. A socially responsible business person believes that the formal legal law is inferior to universal moral and ethical principles that can be determined by intuition.

2. Social responsibility is the branch of philosophy that focuses on morally right and wrong behavior.

3. Social responsibility is based on current societal views as to how and the extent a business should contribute to charities and civic organizations and be involved in helping the community.

4. A business cannot adhere to social responsibility principles and the doctrine of ethical egoism since both are always mutually exclusive.