Which of the following does the term corporate social responsibility relate to?Select one:a.Environmental practiceb.Ethical conductc.Human rights and employee relationsd.All of these
Question
Which of the following does the term corporate social responsibility relate to?Select one:a.Environmental practiceb.Ethical conductc.Human rights and employee relationsd.All of these
Solution
d. All of these
Corporate Social Responsibility (CSR) relates to all of the options provided. It includes a company's commitment to conducting business in an ethical manner, to improving the quality of life of its workforce and their families, to the local community and society at large, and to sustainable environmental practices. Therefore, it encompasses environmental practices, ethical conduct, and human rights and employee relations.
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Required informationSkip to questioniSeeIt!: Corporate Social Responsibility This brief video describes the role of a business in relation to its environment. This concept is referred to as Corporate Social Responsibility. This activity is important, because businesses are often viewed and judged by consumers and the community for their overall ability to positively impact the environment through social programs, ethically sourced products, and hiring practices. The goal of this exercise is to demonstrate your understanding of the actions that lead toward a positive public image and good corporate citizenship. Click the ► button to watch the video. Then, answer the questions that follow. When companies follow the key factors of Corporate Social Responsibility, a ________ usually results, thus ________.Multiple Choicepositive public image; repelling more customersnegative public image; attracting more customersnegative public image; repelling more customerstax benefit; increasing profitspositive public image; attracting more customers
Which statement is most correct about “corporate social responsibility” from the following statements?Group of answer choicesCSR recognizes that conventional economic needs define marketsCSR is integral to profit maximizationCSR is only focused on corporate philanthropyCSR agendas are about creating shared social and economic valueCSR programs focus mostly on reputation
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