Unit 1 Business Management - CSR

CSR stands for

• Corporate socially responsible

• Corporate social responsible

• Corporate socially responsibility

• Corporate social responsibility

CSR is best defined as.....

• implementing triple bottom line

• a business who no longer simply focusses on making a profit at all costs - rather they recognise environmental and social performance

• managing a business in such a way that the broader welfare of the community, including employees, customers, suppliers and the environment is taken into account when making business decisions

• is when a business creates a product or service that earns a profit and provides employment

CSR consists of...

• Money, People and trees

• Money, employees and the environment

• Profit, social and environment

• Economic, social and environment

Socially responsible practices does not include

• not developing the skills of your employees

• ensuring your business is free from corruption

• your business being involved in the community

• conserving energy

A negative of being socially responsible is

• that customers are happy

• that products are fit for purpose

• the cost to the business

• that environment emissions reduced

The aim of Fair Trade is...

• customers and owners can negotiate

• suppliers and producers get a fair price

• greater equity for profit making businesses

• greater equity in low income countries for producers and workers

Corporate social responsibility management practices have benefits and costs.

• False

• True

• Maybe

An example of good CSR is...

• not avoiding conflicts of interest

• not dealing with employees fairly

• making sure there is a fair price paid for materials

• not minimising waste and pollution