Corporate Social Responsibility
A)is illegal in most countries.
B)minimizes conflict between owners and managers.
C)is the pursuit of social objectives by corporations.
D)disputes the stakeholder theory of R. Edward Freeman.

Question

Quizplus · Accepted Answer

Corporate Social Responsibility (CSR) is the pursuit of social objectives by corporations. It involves businesses taking responsibility for the impact of their activities on society and the environment, and behaving in an ethical and sustainable manner. It is not illegal in most countries, but rather encouraged by governments and stakeholders as a way to promote sustainable development and long-term success for businesses. The concept of CSR supports the stakeholder theory of R. Edward Freeman, which suggests that businesses should consider the interests of all stakeholders, including employees, customers, suppliers, communities, and the environment, rather than just maximizing profits for shareholders. Therefore, option A, B, and D are incorrect.