Conch Corporation, a global oil and gas company, has plans to open a subsidized postsecondary vocational school in the town of Cristen, where one of their offices is situated.The plan was put to vote and approved despite some objection from shareholders.The school is being opened in collaboration of the local government, and the objective is to help the youth of that neighborhood, especially dropouts, learn a vocational skill.What social responsibility theory describes Conch Corporation's move to open the school?
A)moral minimum
B)maximizing profits
C)corporate citizenship
D)stakeholder interest

Question

Quizplus · Accepted Answer

Conch Corporation's move to open a subsidized postsecondary vocational school in collaboration with the local government shows the company's commitment to corporate citizenship. They are taking responsibility for the well-being of the community by giving the youth an opportunity to learn and gain skills that will help them secure employment and improve the economy of the town. This move goes beyond the moral minimum that companies are expected to uphold and shows that Conch Corporation is interested in the welfare of the society where they operate.

Conch Corporation, a Global Oil and Gas Company, Has Plans