Which of the following statements is true about corporate social responsibility?

Question

Quizplus · Accepted Answer

Corporate social responsibility (CSR) refers to the responsible actions taken by companies to improve the well-being of society while also considering the interests of the organization. This definition reflects option C, which states that managerial obligation includes taking actions to protect and improve the welfare of society as well as the interests of the organization. Option A refers to accountability mechanisms that reduce agency problems, while option B mentions only the needs of stockholders and abiding by laws, which is not a complete definition of CSR. Option D is also slightly misleading, as it implies that CSR is simply about following laws, whereas it is a more proactive concept aimed at promoting social good. Option E refers to ethical decision-making, which is a part of CSR, but not the whole picture.

Which of the Following Statements Is True About Corporate Social