An organization's self-defined commitment to the health and well-being of the local and global community beyond its legal obligations is it's:
A)Economic Responsibility
B)Ethical Responsibility
C)Corporate Social Responsibility
D)All of the above

Question

Quizplus · Accepted Answer

Corporate Social Responsibility (CSR) refers to an organization's voluntary actions to improve the social, economic, and environmental well-being of the community beyond what is legally required. It includes issues such as sustainability, philanthropy, ethical labor practices, and environmental conservation. Economic responsibility pertains to an organization's obligation to generate profits and create value for shareholders, while ethical responsibility refers to the duty to adhere to moral and legal principles. While both economic and ethical responsibility are important, they do not necessarily encompass an organization's commitment to the broader community in the same way that CSR does.

An Organization's Self-Defined Commitment to the Health and Well-Being of the Local