In Contrast to the Alleged Immorality of Altruistic Corporate Social

question 1

True/False

In contrast to the alleged immorality of altruistic corporate social responsibility (CSR), critics argue that strategic CSR is ethically commendable since these initiatives benefit stakeholders while meeting fiduciary obligations to the company's shareholders.

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Definitions:

Employee Participation

The involvement of employees in the decision-making process of an organization, contributing ideas, suggestions, and feedback.

Workforce Reduction Strategy

A plan implemented by an organization to decrease the number of employees for reasons such as cost reduction, restructuring, or efficiency improvements.

Voluntary Severance Packages

Financial and other benefits offered to employees as an incentive for them to resign or retire early, commonly used in workforce reduction strategies.

Organizational Efficiency

The degree to which an organization can achieve its objectives with the least amount of resources spent, such as time, money, and manpower.