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Corporate Social Responsibility (CSR) Definition

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Corporate Social Responsibility (CSR) Definition

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Questions and Answers

What is the primary focus of social business operations?

Improving company image

Considering the full scope of externalities (correct)

Complying with legal obligations

Maximizing profitability

What is the concept that suggests the interests of business and society overlap?

Sustainable Development

Triple Bottom Line

Enlightened Self-Interest

Dual Value (correct)

What is the outcome of good Corporate Social Responsibility (CSR) practices, according to research?

Reduced productivity and sales

Improved company image and higher share price (correct)

Poor staff attraction and retention

Increased carbon emissions

What is the term for CSR policies that enhance a company's competitiveness and advance socio-economic and environmental conditions?

Double Dividend Signup and view all the answers

What is the primary goal of adopting environmental friendly technologies in CSR practices?

Reducing carbon emissions Signup and view all the answers

What is the concept that suggests businesses should operate beyond legal obligations?

Voluntariness Signup and view all the answers

What is the term for the interaction between businesses and stakeholders, including shareholders, suppliers, and customers?

Stakeholder Engagement Signup and view all the answers

What is the ultimate goal of businesses operating in a healthy society and environment?

Producing both social and economic benefits Signup and view all the answers

What is the term for the movement that promotes businesses to contribute to the 4th Sustainable Development Goal (SDG)?

Era of Sustainability Signup and view all the answers

What is the outcome of businesses responding to social challenges in the developing world?

Poverty reduction Signup and view all the answers