Which of the following statements is true of corporate social responsibility?
A)Organizations are not obliged to behave ethically in their social environment.
B)Ethical conduct at the organizational level can translate into social responsibility at the individual level.
C)Multiple stakeholders expect organizations to engage in communally accountable actions.
D)Firms that are seen as socially responsible do not have a competitive advantage.

Question

Which of the following statements is true of corporate social responsibility?​
A)​Organizations are not obliged to behave ethically in their social environment.
B)Ethical conduct at the organizational level can translate into social responsibility at the individual level.​
C)Multiple stakeholders expect organizations to engage in communally accountable actions.​
D)Firms that are seen as socially responsible do not have a competitive advantage.​

Quizplus · Accepted Answer

Corporate social responsibility involves an organization's willingness to go beyond what is required by law or economics to act in ways that benefit society. This includes integrating social and environmental concerns into business operations and interactions with stakeholders. Multiple stakeholders, including customers, employees, shareholders, and communities, expect organizations to engage in socially responsible actions. Option A is incorrect because organizations have an ethical responsibility towards the people and environment they operate in. Option B is not a comprehensive statement about CSR, and option D is false since being socially responsible can give firms a competitive advantage in terms of reputation and customer loyalty.

Which of the Following Statements Is True of Corporate Social