Question

Which of the following concepts is closely associated with corporate social responsibility?

A. Profit maximization
B. Shareholder value
C. Stakeholder theory
D. Competitive advantage

Answer 1

Stakeholder Theory is closely associated with corporate social responsibility, as it argues for balancing the interests of all stakeholders.

Step-by-step explanation:

The concept closely associated with corporate social responsibility is Stakeholder Theory. Stakeholder theory argues that managers should seek to 'balance' the interests of all stakeholders, including shareholders, employees, customers, and the community. It advocates using corporate revenue in the interests of all stakeholders, rather than solely focusing on profit maximization or shareholder value.