Being a socially responsible corporation implies that the firm is committing its time and resources to projects in the community which may not directly relate to generating profit.

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Being socially responsible means that a corporation is taking steps to benefit the community, environment, and society, even if those actions do not directly benefit the company's bottom line. These actions can include philanthropy, volunteer work, ethical business practices, and sustainability initiatives.

Being a Socially Responsible Corporation Implies That the Firm Is