There Are Four Main Levels of Corporate Social Responsibility

question 70

Multiple Choice

There are four main levels of corporate social responsibility. Which of the levels of responsibility includes a concern with conducting business affairs in a sound and fair manner?

• A) economic
• B) legal
• C) ethical
• D) discretionary

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Definitions:

Collateral

refers to assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.

Tangibles

Physical assets that can be touched and seen, such as machinery, buildings, and land, as opposed to intangible assets like stocks or patents.

Set Off

A legal defense that allows a debtor to counterbalance a claim from a creditor with a claim of their own against the creditor.

Solvent

The state of being able to meet all financial obligations as they come due.