Question

Palette Paints, Inc. expends funds and takes steps to ensure that all employees are safe on the job, that all products are safe for consumers, and that the environmental impact of the corporation is minimal. Palette Paints appears to believe in the concept of_________________

Answer 1

The correct answer is: corporate social responsibility.

Step-by-step explanation:

Corporate social responsibility comprehends all the actions and efforts firms make to keep their surrounding environment as green as possible, train employees to perform their duties better and safely, and help all those individuals in need through volunteering or charitable activities.

Answer 2

Corporate Social Responsibility (CSR)

Step-by-step explanation:

The concept of Corporate Social Responsibility describes the holistic approach that corporations implement in order to ensure that they create a safe working environment for their employees while also making sure that the environment in which they operate is not negatively impacted.

A bad example of Corporate Social Responsibility is when chemical plants dump their wastes in water bodies, thereby poisoning the organisms living within the water body and polluting the environment.

A good example is given in the question above, in this scenario, Palette Paints makes sure that they operate within safety limits, ensuring that its workers are safe, its products are not injurious to the health of consumers and that the environment is not negatively affected.

Other examples of Corporate Social Responsibility include:

• giving to charity,
• implementing fair labor policies,
• implementing policies that benefit the environment, for instance polices to reduce carbon footprint and reduce the emission of greenhouse gases,
• community volunteering, and so on.