Which of the Following Is an Explanation of 'Corporate Social

question 9

Multiple Choice

Which of the following is an explanation of 'corporate social responsibility (CSR) '? 

• A) Balancing the interests of customers, employees, the environment and its shareholders, i.e. serving the needs of 'people, planet, profit'. 
• B) Profit maximisation. 
• C) Investing in new machinery. 
• D) Contributing to higher profits.

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Definitions:

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, such as minerals, forests, water, and fertile land.

Anthropologists

Scientists who study human societies, cultures, and their development.

Conspicuous Consumption

The spending of money on and the acquisition of luxury goods and services to publicly display economic power, status, or wealth.

Prestige And Status

Recognition and respect received from others based on achievements, position, or quality of character, which often influences social ranking.