Which of the following statements is true about the pyramid model of corporate social responsibility?
A)It states that philanthropy should be the most important function of a corporation.
B)It states that the economic responsibility of a corporation provides the foundation for its other responsibilities.
C)It states that governments and nonprofit organizations and not corporations should carry out social responsibility functions.
D)It states that social responsibility efforts should be focused on the external and not the internal stakeholders of a corporation.

Question

Quizplus · Accepted Answer

The pyramid model of corporate social responsibility proposes that the economic responsibility of a corporation, i.e., to be profitable and conduct business ethically, provides the foundation for its legal, ethical, and philanthropic responsibilities. This means that a corporation should prioritize economic responsibility and ensure that its actions meet legal and ethical standards before engaging in philanthropic efforts. Therefore, option B is the correct statement. Options A, C, and D are incorrect as they do not align with the pyramid model of corporate social responsibility.

Which of the Following Statements Is True About the Pyramid