Which statement is TRUE about the definition of CSR proliferation proposed by Davis in $1973?$

Group of answer choices

He believes that business operation should fulfill the expectation of the public.

He believes that business operation should fulfill the expectation of the public.

He believes that firms are obliged to evaluate its decision$-$making process and its effects on the external social system.

He believes that social responsibility encompasses four levels, which are economic, legal, ethical and discretionary.

He believes that business needs to convert social responsibilities to business opportunities.