A concept whereby organizations consider the needs of all stakeholders (not just stockholders) when making decisions is referred to as:
A) Human rights advocacy.
B) Corporate social responsibility.
C) Environmental rights responsibility.
D) Social rights responsibility.

Question

Quizplus · Accepted Answer

The concept whereby organizations consider the needs of all stakeholders when making decisions is commonly known as corporate social responsibility; this includes considering the impact of decisions on stakeholders such as customers, employees, suppliers, and the environment, rather than solely focusing on the interests of shareholders.

A Concept Whereby Organizations Consider the Needs of All Stakeholders