Question

Choose a current event or issue in your community and discuss the business implications. This question is related to:

a) Business ethics
b) Marketing strategy
c) Corporate social responsibility
d) Financial management

Answer 1

Businesses are increasingly being held accountable for their social, economic, and environmental impacts through c) corporate social responsibility (CSR). Establishing ethical practices in emerging technologies can be challenging.

Step-by-step explanation:

In today's world, businesses are increasingly being held accountable for their social, economic, and environmental impacts.

This falls under the category of c) corporate social responsibility (CSR).

CSR refers to a company's responsibility to consider the interests of society by taking actions that benefit stakeholders beyond maximizing profits.

An example of a current event related to CSR is the increased focus on sustainability practices and reducing carbon emissions.

When it comes to emerging technologies, ethical practices can be challenging to establish.

For example, consider the ethical implications of data privacy and artificial intelligence.

Companies must navigate the balance between utilizing these technologies to improve efficiency and profitability, while also respecting the privacy and rights of individuals.