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Which of the following best describes 'corporate social responsibility' (CSR)?

Practice Questions

Q1
Which of the following best describes 'corporate social responsibility' (CSR)?
  1. Maximizing shareholder profits
  2. Minimizing operational costs
  3. Balancing profit-making with social and environmental concerns
  4. Focusing solely on customer satisfaction

Questions & Step-by-Step Solutions

Which of the following best describes 'corporate social responsibility' (CSR)?
  • Step 1: Understand that businesses operate to make money (profit).
  • Step 2: Recognize that businesses also affect society and the environment.
  • Step 3: Learn that corporate social responsibility (CSR) means businesses should consider their impact on people and the planet.
  • Step 4: Realize that CSR encourages businesses to act ethically and contribute positively to society while still making a profit.
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