Which One of the Following Definitions of Corporate Social Responsibility

question 3

Multiple Choice

Which one of the following definitions of corporate social responsibility (CSR) is correct?

• A)CSR deals with the managerial consideration of non-market forces or social aspects of corporate activity outside a market or regulatory framework and includes consideration of issues such as employee welfare, community programmes, charitable donations, and environmental protection.
• B)CSR deals with the managerial consideration of market forces.
• C)CSR deals with the managerial consideration of non-market forces or social aspects of corporate activity within a market or regulatory framework and includes consideration of issues such as employee welfare, community programmes, charitable donations, and environmental protection.
• D)CSR deals with the managerial consideration of market forces or social aspects of corporate activity outside a market or regulatory framework and includes consideration of issues such as employee welfare, community programmes, charitable donations, and environmental protection.

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Definitions:

Annual Fixed Expenses

Costs that do not vary with the level of production or sales over a year, such as rent, insurance, and salaried personnel wages.

Break-Even

The point at which total costs equal total revenue, resulting in neither profit nor loss.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production supplies.

Fixed Costs

Expenses that do not change with the level of output or activity, such as rent, salaries, and insurance premiums.