Which of these refers to the obligation of an organization to its stakeholders as well as its own interests?
A) Altruism
B) Corporate social responsibility
C) Philanthropy
D) Corporate interest

Question

Quizplus · Accepted Answer

Corporate social responsibility refers to the practice of an organization acknowledging its responsibility to not only its own interests but also to its stakeholders such as employees, customers, and the community. Altruism refers to selfless concern for the welfare of others, while philanthropy refers to the act of donating money or resources to charitable causes. Corporate interest refers to the pursuit of profit and success for the benefit of the organization itself.

Which of These Refers to the Obligation of an Organization