Corporate Social Responsibility Definitions

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What are the three dimensions integrated into the concept of corporate social responsibility?

Social, legal, and technological dimensions

Economic, environmental, and social dimensions (correct)

Environmental, cultural, and ethical dimensions

Economic, political, and technological dimensions

According to Shahin and Zairi (2007), what does social responsibility entail?

Fulfilling only society's short-term needs and wants

Ignoring the negative effects of actions on society

Optimizing the positive effects of actions on society (correct)

Maximizing profits at the expense of society

According to Koontz and O’Donnell (1968), how did they define social responsibility?

Personal obligation with due regard for freedom not to restrict others from doing the same thing (correct)

Personal obligation to maximize profits at any cost

Obligation to always restrict others from doing the same thing

Personal obligation to ignore society's needs and wants

What is the primary implication of the 'social contract' between business and society in terms of social responsibility?

'Social contract' obligates businesses to be responsive to society’s long-run needs and wants Signup and view all the answers

Based on Steiner's (1977) definition, what does Corporate Social Responsibility involve?

Concern for the welfare of society and preventing destructive activities Signup and view all the answers

What did the World Business Council on Sustainability Development (1998) describe as social responsibility?

The continuing commitment by Business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families Signup and view all the answers

According to Business for Social Responsibility (BSR), how is CSR defined?

Achieving commercial success in ways that honor ethical values and respect people, communities, and the natural environment Signup and view all the answers

How is corporate social responsibility (CSR) known as?

The continuing commitment by Business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families Signup and view all the answers

According to Macmillan (2005), what does CSR describe?

A comprehensive set of policies, practices, and programmes integrated into business operations, supply chain, and decision-making processes Signup and view all the answers

What has become increasingly important to investors and consumers?

Investments that contribute to the welfare of society and the environment Signup and view all the answers

Corporate Social Responsibility Definitions

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Questions and Answers

What are the three dimensions integrated into the concept of corporate social responsibility?

According to Shahin and Zairi (2007), what does social responsibility entail?

According to Koontz and O’Donnell (1968), how did they define social responsibility?

What is the primary implication of the 'social contract' between business and society in terms of social responsibility?

Based on Steiner's (1977) definition, what does Corporate Social Responsibility involve?

What did the World Business Council on Sustainability Development (1998) describe as social responsibility?

According to Business for Social Responsibility (BSR), how is CSR defined?

How is corporate social responsibility (CSR) known as?

According to Macmillan (2005), what does CSR describe?

What has become increasingly important to investors and consumers?

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