Podcast
Questions and Answers
What are the economic responsibilities of a firm according to CSR?
What are the economic responsibilities of a firm according to CSR?
Maximize earnings per share, generating high and consistent profitability, establish and maintain a strong competitive advantage and competitive position, operate at a high level of efficiency
List the legal responsibilities of a firm in terms of CSR.
List the legal responsibilities of a firm in terms of CSR.
Comply with all laws and regulations, maintain legal obligations, ensure goods and services meet legal standards
What are the ethical responsibilities of a firm based on CSR?
What are the ethical responsibilities of a firm based on CSR?
They are based on the expectations of society and vary across time and cultures. Corporate integrity and ethics go beyond the minimum legal standards.
Define discretionary responsibilities in the context of CSR.
Define discretionary responsibilities in the context of CSR.
Give an example of a discretionary responsibility.
Give an example of a discretionary responsibility.
How do ethical responsibilities differ from legal responsibilities?
How do ethical responsibilities differ from legal responsibilities?
Why is it important for firms to comply with legal responsibilities?
Why is it important for firms to comply with legal responsibilities?
How can firms demonstrate corporate integrity in fulfilling their ethical responsibilities?
How can firms demonstrate corporate integrity in fulfilling their ethical responsibilities?
What is the significance of discretionary responsibilities for firms?
What is the significance of discretionary responsibilities for firms?
Explain the concept of discretionary responsibilities with an example.
Explain the concept of discretionary responsibilities with an example.
