Corporate social responsibility can be defined as a company's obligation to ________.
A) blend its activities into the social fabric of whatever country it conducts business in
B) include social networking and society events that bring in prominent members of the community
C) conduct its activities with the aim of achieving social, environmental, and economic development
D) behave in whatever manner is necessary to earn the highest profit for owners
E) be flexible with its ethics in the workplace in order to maintain profitability

Question

Quizplus · Accepted Answer

Corporate social responsibility refers to the idea that companies should not only focus on financial goals, but also be responsible for the impacts of their activities on society and the environment. This includes conducting business in a manner that contributes to social, environmental, and economic development. Option A is too narrow and restrictive, while option B is focused on networking and events rather than substantive actions. Option D is contrary to the idea of social responsibility, as it prioritizes profits over all other considerations. Option E is also contrary to social responsibility because it suggests that a company's ethics should be bent to accommodate profitability.

Corporate Social Responsibility Can Be Defined as a Company's Obligation