Question

Defining a socially responsible company is complicated. Businesses differ from other businesses, as well as the people they serve, on what we mean by "socially responsible."

A. True
B. False

Answer 1

False

Step-by-step explanation:

Social responsibility means that the companies and individuals have a duty to act in a manner that is beneficial for the society as a whole, when social responsibility is applied to the business it is called Corporate Social Responsiblity.

It is not difficult to differentiate between a business that is socially responsible and one that is not, they can be identified on basis of expenditure for betterment of society.

If a company spends some of their profit for society (opening schools, spending on skill development etc.) then we can consider it as socially responsible while a company that is purely focused on making profits and doesn't care about the society then it can be labelled as not being socially responsible.

Google, BMW group and Walt Disney are the companies with best CSR reputations in USA.

Answer 2

True.

Step-by-step explanation:

The given assertion would be characterized as true as the term/concept 'socially responsible' is too vast yet complicated as each business is different from another and keeping the concerns of environment as well as society along with their primary goal i.e. 'profit' which get quite intricate to be defined. 'The survey conducted by the majority of students pursuing MBA that they would prefer a lower salary for a company that is 'socially responsible' but however, they failed to explain the characteristics of such a company as it is convoluted'.