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Which of the Following Statements Is True of Corporate Social

Question 47

Multiple Choice

Which of the following statements is true of corporate social responsibility (CSR) ?


A) The social contract approach to CSR states that the only obligation of a corporation is to maximize profits for its shareholders.
B) Many companies awoke to CSR only after being surprised by public responses to issues they had not previously thought were part of their business responsibilities.
C) The instrumental approach to CSR states that a corporation has an obligation to society over and above the expectations of its shareholders.
D) An organization's discovery of the significance of CSR is never intentional; it is always a result of unexpected media attention.

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