SmartWrite Inc., a manufacturer of designer journals and notebooks, switched to using recycled paper to manufacture its products. It also changed the design in a way that the book covers and spiral cords used as spines were not made out of plastic. The changes made by SmartWrite Inc., are an example of ________ responsibility.

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Quizplus · Accepted Answer

The changes made by SmartWrite Inc. are an example of corporate social responsibility as the company has made a decision to change its manufacturing process to be more environmentally friendly, even though it may have increased costs. This decision is not legally required, nor is it purely economic (focused on profit). Additionally, it is not philanthropic, as SmartWrite Inc. is still a for-profit company, and the changes made align with its business goals. It is also not related to shareholder responsibility as it does not necessarily directly impact shareholder value.