Which is true about corporate social responsibility?

Which is true about corporate social responsibility?

By practicing corporate social responsibility, also called corporate citizenship, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.

What are the 4 corporate social responsibility?

Corporate social responsibility is traditionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility.

Which of the following is not CSR theory?

Explanation CSR theories include enlightened self-interest, stakeholder theory, legitimacy theory and institutional theory. Therefore, rights theory is incorrect. Explanation Cash flows are reported but they are not an element.

What are the 3 corporate social responsibility?

For a comprehensive CSR strategy, businesses should make multiple commitments that address all branches of corporate social responsibility: environmental, social, and supply chain/sourcing.

What is the main purpose of corporate social responsibility?

The purpose of corporate social responsibility is to give back to the community, take part in philanthropic causes, and provide positive social value. Businesses are increasingly turning to CSR to make a difference and build a positive brand around their company.

What are 4 social responsibility issues?

The four components of social responsibility are ethical, legal, economic and philanthropic.

What are the four responsibilities of CSR?

Generally, corporate social responsibility initiatives are categorized as follows:

  • Environmental responsibility.
  • Human rights responsibility.
  • Philanthropic responsibility.
  • Economic responsibility.

What are the five main areas of CSR?

The following are five major ways in which responsibility for corporate actions contributes to the triple bottom line.

  • Positive Press and Reputation Building.
  • Consumer Appeal.
  • Talent Attraction and Employee Retention.
  • Stronger Client and Community Relations.
  • Bottom Line.

What are the 4 types of CSR?

Read on to discover the four types of corporate social responsibility of business and how they look in action.

  • Environmental Responsibility.
  • Ethical Responsibility.
  • Philanthropic Responsibility.
  • Economic Responsibility.
  • The Benefits of CSR.

23-Sept-2021

What is CSR theory?

Corporate social responsibility as a specific theory affirms that corporations are entities with economic, legal, ethical, and philanthropic obligations. Corporations responsible for a triple bottom line seek sustainability in the economic, social, and environmental realms.

Which of the following relating to CSR theory is correct?

7. Which of the following relating to CSR theories is correct? Institutional theory is based on the shareholder concept. Social contract is the key concept of legitimacy theory.

Which of the following is not a social sustainability issues?

Which of the following is not a social sustainability issue? Child labour.

Leave a Comment