What is corporate social responsibility?
A) Voluntary efforts on the part of firms to improve the quality of their relationships with stakeholders.
B) Voluntary efforts on the part of firms to improve the quality of their relationships with shareholders.
C) The legal commitment of firms to improve the quality of their relationships with stakeholders.
D) The legal commitment of firms to improve the quality of their relationships with shareholders.
E) Involuntary corporate actions that are the result of massive shareholder pressure.

Question

Quizplus · Accepted Answer

Corporate social responsibility (CSR) refers to the voluntary actions that companies take to address both their own competitive interests and the interests of wider society, including improving relationships with stakeholders such as employees, communities, and the environment, not just shareholders.

What Is Corporate Social Responsibility