Corporate Social Responsibility Is Best Defined as The

question 24

Multiple Choice

Corporate social responsibility is best defined as the:

• A) degree to which employees adhere to the organization's written statement of its values and rules for ethical behavior.
• B) managerial obligation to take action that protects and improves both the welfare of society as a whole and the interests of the organization.
• C) ability to understand cultural differences which helps businesspeople to interpret behavior accordingly and act ethically.
• D) set of customs, processes, laws, policies, and institutions that affect the way a company is directed or controlled.

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Definitions:

Intangible Assets

Non-physical assets owned by a business that have a useful life, such as patents, trademarks, and copyrights.

Capitalised

Expenses or costs that are added to the cost basis of a fixed asset on a company's balance sheet, rather than being expensed immediately.

Extrusion System

A process used in manufacturing to create objects of a fixed cross-sectional profile by pushing material through a die of the desired cross-section.

Financial Year

A one-year period that companies use for accounting purposes and preparation of financial statements, which may or may not align with the calendar year.