Which of the following statements about CSR is untrue?Select one:a.It has a strong impact on corporate reporting practices, investment strategies, SCM & public relations.b.It is about striking balance between economic performance, meeting stakeholders’ expectations & responsibility towards society.c.It is about recognizing that no organisation is an island & must operate in partnership with the outside world.d.Its main concern is about maintaining a competitive edge in global market.
Question
Which of the following statements about CSR is untrue?Select one:a.It has a strong impact on corporate reporting practices, investment strategies, SCM & public relations.b.It is about striking balance between economic performance, meeting stakeholders’ expectations & responsibility towards society.c.It is about recognizing that no organisation is an island & must operate in partnership with the outside world.d.Its main concern is about maintaining a competitive edge in global market.
Solution 1
The statement that is untrue about Corporate Social Responsibility (CSR) is:
d. Its main concern is about maintaining a competitive edge in global market.
While maintaining a competitive edge in the global market can be a result of good CSR practices, it is not the main concern or purpose of CSR. The main purpose of CSR is to ensure that companies conduct their business in a way that is ethical. This means acting within the law at all times, ensuring that all necessary environmental protections are in place, and considering human rights and equality.
Solution 2
The statement that is untrue about Corporate Social Responsibility (CSR) is:
d. Its main concern is about maintaining a competitive edge in global market.
While maintaining a competitive edge in the global market can be a result of good CSR practices, it is not the main concern or purpose of CSR. The main purpose of CSR is to ensure that companies conduct their business in a way that is ethical. This means acting within the law at all times, ensuring that all necessary environmental protections are in place, and considering human rights and equality.
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