Corporate Social Responsibility Can Be Defined as a Company's Obligation

question 11

Multiple Choice

Corporate social responsibility can be defined as a company's obligation to ________.

• A)blend its activities into the social fabric of whatever country it conducts business in
• B)include social networking and society events that bring in prominent members of the community
• C)conduct its activities with the aim of achieving social, environmental, and economic development
• D)behave in whatever manner is necessary to earn the highest profit for owners

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Definitions:

Opportunity Cost

represents the value of the best alternative foregone as a result of making a particular choice.

Accounting Costs

Represent the explicit costs or direct financial expenditures associated with the operations of a business.

Monetary Costs

The financial expenses incurred in the acquisition of goods, services, or assets, measured in units of currency.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.