According to a comparative study of corporate citizenship in Latin America and the Caribbean, which of the following is not one of the four levels of corporate social responsibility activity?

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The four levels of corporate social responsibility activity identified in the study are Running (companies with established CSR programs), Catching up (companies that are beginning to develop CSR programs), Stalled (companies that have not yet started a CSR program), and Misperceiving (companies that believe they are running or catching up but are actually stalled or misperceiving their CSR efforts). "Delayed" is not one of the levels identified in the study.

According to a Comparative Study of Corporate Citizenship in Latin