The company that Layton owns, the Music Box, is a family-owned company that has been in business for more than 100 years. Layton wants to give back to the people of the community to acknowledge their role in the store's success. He decides to donate a significant portion of the store's profits to a charity every year. Layton's decision is an example of ________ in action.
A) corporate social responsibility
B) corporate governance
C) a code of ethics
D) economic responsibility
E) legal responsibility

Question

Quizplus · Accepted Answer

Corporate social responsibility (CSR) is the notion that corporations are expected to go above and beyond the law and profit to help society.

The Company That Layton Owns, the Music Box, Is a Family-Owned