Understanding Corporate Social Responsibility

What does CSR stand for?

• Corporate Social Relationship

• Corporate Social Responsibility

• Corporate Sales Revenue

• Corporate Service Rights

Which of the following is an example of CSR?

• A company making more profits

• A company polluting the environment

• A company donating money to charity

• A company lowering its prices

Why do companies engage in CSR activities?

• To avoid paying taxes

• To help the environment and society

• To sell more products

• To hire more employees

Which of the following is not an area of CSR?

• Legal Responsibility

• Ethical Responsibility

• Financial Responsibility

• Philanthropic Responsibility

How can CSR help a company?

• By increasing employee turnover

• By improving the company's image

• By decreasing customer loyalty

• By reducing product quality

What is an ethical responsibility in CSR?

• Following the law

• Doing what is right, even if it's not required

• Increasing profits only

• Expanding the business internationally

How does CSR benefit employees?

• By making them work longer hours

• By reducing their pay

• By improving their job satisfaction and pride

• By limiting their career growth

Which of the following CSR activities helps the environment?

• A company using renewable energy

• A company paying higher salaries

• A company launching new products

• A company raising prices

What challenge might a company face when implementing CSR?

• Lowering product quality

• Higher costs in the short term

• Losing all customers

• Reducing customer trust

How can CSR lead to long-term success for a business?

• By ignoring community needs

• By making quick profits and then closing down

• By building strong customer loyalty and trust over time

• By avoiding ethical responsibilities