The article by Murphy and Schlegelmilch referred to the iron law of responsibility. What does this mean?Group of answer choicesThe greater the power an organisation has, the greater the social responsibility it should exerciseOnly CSR initiatives prescribed by law are considered socially responsiblePenalties will be posed on business that fail to produce regular CSR reportsSocial responsibility of business is only enforceable via laws and regulationsCSR activities should be left to the discretion of business, not lawmakers