Corporate Social Responsibility Is

question 37

Multiple Choice

Corporate social responsibility is

• A)an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
• B)principles, values, and norms that primarily guide individual and group behavior in the world of business.
• C)the institutionalization of business ethics into all levels of business decision making.
• D)a business's responsibility to manufacture products that function properly.
• E)charitable contributions made by a business to enhance its reputation with stakeholders.

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Definitions:

Growth Of Income

An increase in the amount of money received by an individual, group, or country over a period of time.

Economy's Potential

Refers to the maximum sustainable level of output an economy can produce, taking into account its resources and technology.

Time Preference

An individual's predisposition to prioritize present benefits over future benefits.