Why Is Corporate Social Responsibility a Key Part of Business

question 100

Multiple Choice

Why is corporate social responsibility a key part of business strategy?

• A)Because of the close scrutiny of pressure groups
• B)Because of the close scrutiny of institutional investors
• C)Because of the close scrutiny of shareholders
• D)All of the above

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Definitions:

Cost Overruns

Expenses exceeding the initial budget in a project, often resulting in financial challenges or the need for additional funding.

Service Definition

The detailed description of the nature, scope, and quality of a service that is to be provided.

Overall Costs

The total expenses incurred by an organization in its operations, including direct, indirect, fixed, and variable costs.

Non-Core Work

Tasks or activities that are not essential to the primary business or objectives of an organization but may still be necessary for operations.