Question

Corporate social responsibility refers to____

multiple choice
A. a company policy in which employees must volunteer their time or talents for charitable, educational, or other worthwhile activities.
B. the process of creating, communicating, and delivering value to customers in a way that incorporates sustainability.
C. an organization's obligation to maximize its positive impact and minimize its negative impact on society.
D. the obligations an organization has to those who can affect the achievement of its objectives.
E. a firm's adherence to the moral standards expected by a society.

Answer 1

The correct option is C. an organization's obligation to maximize its positive impact and minimize its negative impact on society.

Corporate social responsibility refers to an organization's obligation to maximize its positive impact and minimize its negative impact on society, considering stakeholders like employees, customers, and the broader community.

Step-by-step explanation:

Corporate social responsibility (CSR) refers to C. an organization's obligation to maximize its positive impact and minimize its negative impact on society. CSR is a concept where businesses consider the environmental, social, and economic impacts of their actions and aim to contribute positively to society. This goes beyond the interests of the shareholders and involves considering a wide range of stakeholders including employees, customers, and the community at large. This moral aspect of business behavior has become increasingly relevant as companies face public scrutiny for their role in societal issues.

Considering factors like ethical practices, civic responsibilities, and business ethics, companies adopt codes of ethics that help guide their actions beyond strict legal compliance. Whether it’s setting sustainability goals, participating in community development, or addressing labor issues, CSR encompasses a broad range of activities aimed at supporting societal well-being. This commitment to ethical conduct reflects a holistic view of a business’s role in society, acknowledging that corporate actions resonate far beyond the walls of the company.