Which of the following refers to the obligation of an organization to its stakeholders as well as its own interests?
A) Altruism
B) Corporate social responsibility
C) Philanthropy
D) Corporate interest

Question

Quizplus · Accepted Answer

Corporate social responsibility refers to an organization's obligation to consider the interests of its stakeholders (such as customers, employees, suppliers, and the wider community) as well as its own interests. It involves making decisions and taking actions that have a positive impact on society and the environment, beyond just maximizing profits for shareholders. Altruism and philanthropy are related concepts but refer more specifically to a selfless concern for the welfare of others and the act of donating money or resources to charity, respectively. Corporate interest refers only to the pursuit of an organization's own financial and strategic goals without necessarily considering the impact on other stakeholders or the wider community.

Which of the Following Refers to the Obligation of an Organization