Which of the following is not a term used to describe corporate social responsibility?Group of answer choicesPeople, Planet, ProfitNGOSustainabilityEquity, Environment, Economy
Question
Which of the following is not a term used to describe corporate social responsibility?Group of answer choicesPeople, Planet, ProfitNGOSustainabilityEquity, Environment, Economy
Solution
The term that is not used to describe corporate social responsibility from the given options is "NGO".
Here's why:
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People, Planet, Profit: This is also known as the Triple Bottom Line, which is a framework or theory that recommends that companies commit to focusing on social and environmental concerns just as they do on profits.
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Sustainability: This is a key aspect of corporate social responsibility. It means that businesses operate in a way that is sustainable for both the environment and society in the long term.
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Equity, Environment, Economy: These are the three E's of sustainability, which is closely related to corporate social responsibility. They represent the three dimensions of sustainability: social (equity), environmental (environment), and economic (economy).
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NGO: This stands for Non-Governmental Organization. While NGOs often work with corporations on their corporate social responsibility initiatives, the term "NGO" itself is not a term used to describe corporate social responsibility.
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