Corporate Social Responsibility Refers to the Actions of an Organization

question 36

True/False

Corporate social responsibility refers to the actions of an organization that target the achievement of a social benefit over and above maximizing profits for its shareholders and meeting all of its legal obligations.

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Definitions:

Commodity Consumption

The process of purchasing and using goods and services that are available in the market.

Production

The process of creating goods and services through the combinatioN. of human labor, materials, and technology.

Biomedicine Technologies

Refers to tools, devices, and procedures developed within the field of biomedicine for diagnosing, treating, and preventing diseases.

Contemporary Capitalism

Refers to the current phase of capitalism characterized by global trade, advanced information technology, and a dominant service sector.