Corporate Social Responsibility

What's the definition of CSR?

• It's an activity engaged in by a commercial or industrial business.

• It's a business's responsibility towards society.

• It's a process of keeping financial information.

• It's a state of being healthy and positive.

Answer explanation

CSR stands for Corporate Social Responsibility, which is a business's responsibility towards society, making the second answer choice the correct definition.

What are some types of CSR?

• Social

• Economic

• Philanthropic

• All of the above

Answer explanation

The correct answer is 'All of the above' because CSR includes social, economic, and philanthropic aspects.

How can we link between CSR and sustainability?

Under Ethical Responsibility, companies operate in a fair and ethical manner.

(a)  

Philanthropic Responsibility's Main Goal is...

• Make the world and society a better place

• Voluntary responsibilities towards society

• Includes donating products and services to people in need

• All of the above

Answer explanation

The correct answer is 'All of the above' because philanthropic responsibility's main goal is to make the world and society a better place, fulfill voluntary responsibilities towards society, and include donating products and services to people in need.

What are the benefits of CSR?

• improves company reputation

• added competitive advantage

• increases innovation

• all of the above

Answer explanation

The correct answer is 'all of the above' because CSR benefits include improving company reputation, adding competitive advantage, and increasing innovation.

what are the factors influencing CSR?

• Lack of community participation in CSR

• Lack of consensus

• Lack of transparency

• social impact Management

Who are the stakeholders included in CSR?

• Employees

• Customers

• Suppliers

• All of the above

Answer explanation

All stakeholders, including employees, customers, and suppliers, are included in CSR to ensure a comprehensive approach to corporate social responsibility.