What is the best definition for the term corporate social responsibility?

Question

Quizplus · Accepted Answer

Corporate social responsibility (CSR) is defined as an organization's obligation to contribute positively to the world around it. This includes social and environmental responsibility, ethical behavior, and philanthropic activities that benefit society as a whole. While maximizing profits for shareholders is important, it does not encompass the full scope of CSR. Similarly, environmental responsibility is just one component of CSR, and valuing employees above all other stakeholders neglects the needs of other groups such as customers and the community.

What Is the Best Definition for the Term Corporate Social