__________ is the concern businesses have for the welfare of society.
A) Corporate philanthropy
B) Corporate social responsibility
C) Corporate responsibility
D) Corporate policy

Question

Quizplus · Accepted Answer

Corporate social responsibility (CSR) is the idea that businesses have an obligation to act in the best interest of society and the environment. It includes taking responsibility for the impact of their actions on employees, customers, shareholders, communities, and the environment. CSR is not the same as corporate philanthropy (A), which is the act of donating money, goods, or services to charitable causes. Corporate responsibility (C) and corporate policy (D) are more general terms that may encompass CSR but do not specifically refer to it.

__________ Is the Concern Businesses Have for the Welfare of Society