The View of Corporate Social Responsibility (CSR) That Was Held

question 30

Multiple Choice

The view of corporate social responsibility (CSR) that was held by the largest percentage of managers was that CSR:

• A) is a necessary cost of business
• B) provides a distinctive position in the market
• C) is meaningless if it includes things that firms would do anyway
• D) is a waste of time
• E) is only for those firms that can afford it

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Definitions:

Collective Willingness

The aggregate propensity of a group to invest in goods, services, or actions that benefit the community or society as a whole.

Public Good

This refers to goods or services made available to all societal members at no cost, delivered by the government or private sectors, with no intent of making a profit.

Marginal Cost

The growth in the cumulative expense incurred from creating one more unit of a product or service.

Nonrival

A characteristic of a good or service where its use by one person does not reduce its availability to others.