Question

The company that Layton owns, the Music Box, is a family-owned company that has been in business for more than 100 years. Layton wants to give back to the people of the community to acknowledge their role in the store's success. He decides to donate a significant portion of the store's profits to a charity every year. Layton's decision is an example of __________ in action.

Answer 1

The correct answer is: not economic responsibility

Step-by-step explanation:

Corporate social responsibility (CSR), also called corporate social responsibility (CSR) or socially responsible investment, is defined as the active and voluntary contribution to social, economic and environmental improvement by companies, generally with the aim of improving their situation Competitive, valued and its added value. The organization's overall performance evaluation system in these areas is known as the triple result.

Corporate social responsibility goes beyond compliance with laws and regulations, assuming their respect and strict compliance. In this sense, labor legislation and regulations related to the environment are the starting point for environmental responsibility. Compliance with these basic regulations does not correspond to social responsibility, but to the obligations that any company must fulfill simply by the fact of carrying out its activity. It would be hardly understandable for a company to claim CSR activities, if it has not complied or does not comply with the reference legislation for its activity.