The most meaningful conclusion that one can draw from the research on social responsibility and economic performance is that ________.
A)socially responsible behaviour has no impact on a firm's economic performance
B)good economic performance is more important than socially responsible behaviour in the long term
C)there is considerable evidence that a company's social actions lower its long-term economic performance
D)there is a positive relationship between social involvement and economic performance.

Question

Quizplus · Accepted Answer

Various studies, including meta-analyses, suggest that there is a positive relationship between social involvement and economic performance. This means that companies that are socially responsible tend to perform better economically in the long run. While there may be some short-term costs associated with social responsibility, such as increased expenses related to employee welfare or environmental protection, these are usually outweighed by the long-term benefits, such as increased reputation, customer loyalty, and innovation. Thus, socially responsible behaviour is a crucial factor in achieving sustained economic success.

The Most Meaningful Conclusion That One Can Draw from the Research