When a firm undertakes corporate social initiatives it is:
A) Making donations that are directly related to a firm's corporate competency.
B) Making long-term commitments to one cause.
C) Hiring minority workers.
D) Making safe products.

Question

Quizplus · Accepted Answer

Corporate social initiatives refer to actions taken by a company to promote social good and contribute to sustainable development. Making donations that are directly related to a firm's corporate competency aligns with this definition as it demonstrates the company's commitment to improving society in a way that aligns with the company's mission and capabilities. Donations can include various forms such as financial contributions, in-kind donations, and volunteering time and expertise. Making safe products, while important, is not necessarily a part of corporate social initiatives. Hiring minority workers may also be an important aspect of corporate social responsibility, but it is not the only way to engage in such initiatives. Making long-term commitments to one cause can also be a form of corporate social initiative, but it is not the best choice because it is more specific and limited than making donations related to a firm's corporate competency.

When a Firm Undertakes Corporate Social Initiatives It Is