Question

LO 1.5A company’s attempts to utilize sustainable business practices with regard to its employees, the environment, and society are known as ________.

a balanced scorecard
corporate social responsibility
total quality management
value chain

Answer 1

corporate social responsibility

Step-by-step explanation:

Corporate Social Responsibility refers to a self-regulating financial model that enables an institution to be societally responsible for itself, its interested parties, and the citizenry.

By exercising corporate social responsibility, also known as corporate eligibility, businesses can be aware of the effect they have on all facets of society, such as ecological, cultural, and environmental.

Engaging in CSR implies that a business operates in the normal norms of business in respects that improve the community and the ecosystem, rather than making a poor contribution to them.