Question

Which of the following is a correct statement regarding the definition of the term "social responsibility" in a business context?

		A socially responsible business person believes that the formal legal law is inferior to universal moral and ethical principles that can be determined by intuition.
		Social responsibility is the branch of philosophy that focuses on morally right and wrong behavior.
		Social responsibility is based on current societal views as to how and the extent a business should contribute to charities and civic organizations and be involved in helping the community.
		A business cannot adhere to social responsibility principles and the doctrine of ethical egoism since both are always mutually exclusive.

Answer 1

Which of the following is a correct statement regarding the definition of the term "social responsibility" in a business context?

Answer: Social responsibility is based on current societal views as to how and the extent a business should contribute to charities and civic organizations and be involved in helping the community

• Corporate Social Responsibility is the integration of socially beneficial programs and practices into a corporation's business model
• CSR aims to increase long-term profits for online and offline businesses
• It is a corporation's initiatives to assess and take responsibility for the company's effects on environmental and social wellbeing