Question

The idea that organizations are not only accountable to stockholders but also to the community-at-large is known as social responsibility.

a. True
b. False

Answer 1

The correct answer is Option A.

Step-by-step explanation:

Corporate social responsibility (CSR) means the organization should be responsible socially to itselfs, stockholders and the public at large. The concept of CSR to the general public connotes that an organization is responsbile socially to the community where it operates.

Some orgranizations that emit air pollution are encouraged to look for a better and efficient way of operating. More so, in a situation whereby an organization's operation has caused damage or there is threat to the environment, the organization can offer a helping hand. A case in point is the coronavirus pandemic, with private organization assisting in any way possible.