Final answer:
The correct statement regarding corporate social responsibility is that it involves considering the impact of business decisions on society. option d is answer
Step-by-step explanation:
The correct statement regarding corporate social responsibility is option d) It involves considering the impact of business decisions on society.
Corporate social responsibility (CSR) refers to the ethical behavior and responsibility of businesses towards society and the environment. It involves businesses taking into account the social, environmental, and economic impacts of their decisions and actions.
For example, a company that practices CSR may consider factors such as reducing carbon emissions, implementing fair labor practices, supporting local communities, or donating a portion of their profits to charitable causes. By considering the impact of their decisions on society, businesses can contribute to a more sustainable and equitable world.
While Milton Friedman famously argued that the primary responsibility of business is to increase profits for shareholders, contemporary perspectives on CSR acknowledge that this view is narrow and that businesses also have responsibilities to other stakeholders, such as employees, customers, and the broader community. option d is answer