What Is Corporate Social Responsibility? Why Are Firms Trying to Become

question 10

Essay

What is corporate social responsibility? Why are firms trying to become socially responsible?

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Definitions:

Accumulated Knowledge

The body of information and understanding one has gained over time through experiences, education, and observations.

95th Percentile

A statistical value that represents a value below which 95% of the observations in a group fall.

Logical Reasoning

The process of using a rational, systematic series of steps to make deductions or conclusions based on presented premises or facts.

Graduate Record Exam

A standardized test that is an admissions requirement for many graduate schools in the United States and Canada.